Myer Holdings Ltd
(ASX:MYR) has reported flat third quarter sales but confirmed its full year guidance.
The department store recorded $671 million in sales for the three months to April 24, up 0.3% on the same period last year.
For the nine months to April 24, sales grew by 1.4% to $2.47 billion and like-for-like sales were up 0.9% compared with the previous corresponding period.
The retailer has reaffirmed full year guidance for sales growth of 1 to 2%, and growth in earnings before interest and tax of 10.7%.
CEO Bernie Brookes says the result is pleasing considering the impact of further interest rate rises on consumer spending.
Mr Brookes says the company used its Myer One loyalty program to engage customers with relevant promotional offers in order to drive sales.
For the 12 months to July 30, 2009, Myer posted a profit of $104 million.
