Michael Hill International: Trading Update
Key points
- Group same store sales up 6.6% on LY in constant currency
- Gross margin stable with prior year
- New product ranges and campaigns driving sales
Full summary
Michael Hill International Limited (ASX/NZX: MHJ) provided a trading update for the first 16 weeks of FY27 during its Annual General Meeting. Group same-store sales increased by 6.6% on a constant currency basis and 2.3% in AUD, driven by strong performances across all segments. Gross margins remained consistent with the prior year, supported by disciplined pricing and retail execution. New product ranges and go-to-market campaigns have attracted new customers and retained existing ones. Management expects continued profitable growth throughout the year.
Outlook
Management expects continued profitable growth throughout the year.
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