Premier Investments Limited (AU:PMV) has released an update.
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Premier Investments Limited showcased financial resilience amidst a tough retail environment, announcing a robust FY24 result with an EBIT of $325.9 million and a record dividend increase of 16.7% to 70 cents per share. Despite a slight sales dip, the company achieved a 25.5% increase compared to pre-COVID levels, with Peter Alexander brand surpassing half a billion in sales and planning UK expansion. The firm is also evaluating a potential merger of its Apparel Brands with Myer, emphasizing strategic growth and shareholder value.
For further insights into AU:PMV stock, check out TipRanks’ Stock Analysis page.