Michael Hill expects to meet or better analysts' forecasts

Michael Hill said it is maintaining margin expansion. (Image: Michael Hill)

Fri, 16 Jul 2021

Michael Hill International said sales momentum continued in its fourth quarter and it expects to match or better analysts' profit forecasts.Its fourth quarter sales rose 116.3% while same-store, or sales in stores open at least 12 months, were up 7.5%.The jewellery retailer said that took the annual same-store sales increase to 8.6% for the year ended June 27 and they were up 10% compared with full-year 2019 sales. The company lost 10,447 store trading days during the year because of the covid pandemic and said that disruption has cont...

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