David Jones up 2.4% year-on-year

David Jones upgraded its earnings outlook as it reported 3.1% growth in second-quarter sales, on a same-store basis.

Revenue for the first half of the financial year, to January 23, is $1.087 billion which is up 2.4% year-on-year.

Myer Holdings, also said profit margins were growing and raised its first-half earnings outlook for growth of about 10% for the first half of the financial year and between 5 and 10% for the second half which is an upgrade from previous forecasts. Myer’s revenue has grown 2.2% on a same-store basis.