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Michael Hill expects to meet or better analysts' forecasts

Jenny Ruth
Fri, 16 Jul 2021

Michael Hill said it is maintaining margin expansion. (Image: Michael Hill)
Jenny Ruth
Fri, 16 Jul 2021
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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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