First Impression: Myer (MYR) FY16 Result

Bell Potter

Operating gross profit margin declined by 164 basis points to 38.7% (strong concession sales and lower Myer Exclusive Brands (MEB) sales) | The cost of doing business margin reduced by 93 basis points to 32.5% | Net operating cash flows improved by $36 million to $186m.

Bell Potter

Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...




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