Michael Hill and KMD Brands kick off 2025 with mixed results

Michael Hill International expects earnings to drop after soft holiday trading. (Image: Supplied)

Mon, 27 Jan 2025

Early-year trading signals from two of New Zealand's homegrown dual-listed retailers have prompted mixed reactions from the market. In an update last Thursday, Michael Hill International told the Australian Securities Exchange (ASX) it expected earnings before interest and taxes (ebit) to be in the range of A$22.5 million (NZ$24.9m) and A$24m for the six months to Dec 29. The middle of that range, A$23.25m, would be a 25.7% drop compared to last year's first-half A$31.3m ebit.After trading opened on Friday, Michael Hill's...

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