Michael Hill International FY26 Trading Update
Key points
- Group sales increased by 2.0% to $654.7m
- Same store sales up 3.0% with strong performance in Australia and Canada
- Comparable EBIT expected between $22.0m and $24.0m, up 44% to 57%
Full summary
Michael Hill International Limited (ASX/NZX: MHJ) provides a trading update for the 52-week period ended 28 June 2026. Group sales increased by 2.0% to $654.7 million, with same store sales (SSS) up 3.0%. Australia, including Bevilles, delivered SSS growth of 4.8%, while Canada achieved another record performance with SSS up 7.0%. New Zealand saw a marked acceleration in the second half, with SSS up 3.6%. Comparable EBIT is anticipated to be in the range of $22.0 million to $24.0 million, up 44% to 57% on last year. The store network was reduced by six stores, with two new stores opened, bringing the total to 281. CEO Jonathan Waecker highlights the positive performance and looks forward to sharing more details at the full-year results release.
Guidance
Comparable EBIT expected between $22.0m and $24.0m for FY26
Outlook
Michael Hill International anticipates continued growth and positive performance in FY27, with a clear strategy and focus on core brands.
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