Premier Investments Limited (AU:PMV) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.