Myer Holdings Ltd., the largest department store chain in Australia, announced today that its sales in the third quarter of the fiscal were reported flat over the previous corresponding period. Myer also said that it is maintaining its previous full year guidance. However, the retailer also warned that the fourth quarter will be reasonably tough.

Myer said today in a statement that its sales were reported of $A671 million for the third quarter ended April 24, increasing slightly by 0.3% while it was reported of $A669 million in the same quarter last year.

For the nine months period ended April 24, total sales were reported of $A2.47 billion, increasing by 1.4% while it was reported of $A2.43 billion in the previous corresponding period.  Myer said that like-for-like sales for the nine months period grew 0.9% comparing to the previous corresponding period.

Myer also said that it is reaffirming its previous earnings and sales guidance for the full year 2010. The retailer has reaffirmed sales growth of 1 to 2% for the full year. The department store said that it expects total full year sales in a range of $A3.29 billion to $A3.33 billion.

Myer said that it expects a growth of 10.7% in its full year earnings before interest and tax. Myer is expecting EBIT of $A261 million for the full year.