Analysts optimistic on Michael Hill

Analysts optimistic on Michael Hill
Michael Hill said the cost of raw materials was increasing. (Image: BusinessDesk)
Victoria Young
Analysts have lowered their target prices on Michael Hill International following Friday’s trading update but remain positive.The jeweller said on Thursday that trading conditions were difficult, and it expected first-half earnings before interest to be between $30 million and $33m, compared with $54.4m in the previous corresponding period.It said gross margin would be in the range of 61-62%, down from 65.2%.  Shares fell by 1c to 95c during the day and traded at 92c late Monday afternoon.'Earnings nadir'Macquarie retain...

More Retail

Hospitality tech firm Bustle brewing up success
Retail

Hospitality tech firm Bustle brewing up success

App for cafes is steaming ahead with a plan to grow to 5000 customers in three markets.

Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.

Gregor Thompson 02 Apr 2025
Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
Are all Willis’ duopoly-breaking options really on the table?
Retail Analysis

Are all Willis’ duopoly-breaking options really on the table?

A survey of her external adviser's views suggests not.

Gregor Thompson 01 Apr 2025