Christmas sparkles for Michael Hill in earnings outlook

Wed, 29 Dec 2021

Michael Hill International expects to deliver first-half earnings “well above” the A$44.6 million it posted a year earlier having been able to open all stores through the Christmas period. The jewellery chain’s stock climbed 4.9% to $1.29 after it said it delivered sales growth and wider margins throughout November and December, despite the uncertain trading conditions posed by the delta and omicron covid-19 variants. “Following this strong performance, the company now believes it will deliver a half-year resul...

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