External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

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External broker reports(aggregated public sources)

Equity Bottom-Up

<div><ul><li>MYR's 1H25 result printed slightly better than what we were looking for, implying strong January clearance execution.</li><li>Flat comparable sales and -4% underlying EBIT (ex-National Distribution Centre complications and ramp up delays) were solid outcomes in the current macro context, in our view.</li><li>Management stressed there is a 'reset' underway to position the company for future growth. Much of near-term execution remains cost focused.</li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

MYR's 1H25 result printed slightly better than what we were looking for, implying strong January clearance execution.Flat comparable sales and -4% underlying EBIT (ex-National Distribution Centre complications and ramp up delays) were solid outcomes in the current macro context, in our view.Management stressed there is a 'reset' underway to position the company for future growth. Much of near-term execution remains cost focused.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Myer Holdings Limited - Ready, 'Reset', GO!