Michael Hill reports sales increase, NZ revenue drops

Michael Hill has reported a 4.3% increase in group sales and a 4% rise in same-store sales for the first 14 weeks of the 2025 financial year.

The strong performance was driven by the Australian and Canadian segments.

In Australia, retail operations revenue was up 6.5%, while in Canada it increased by 5.7%.

However, the New Zealand segment experienced a decline, with a 4.8% decrease in revenue.

The company also highlighted the recovery of group gross margin, attributed to product and brand initiatives.

Michael Hill International currently operates 297 stores globally, with its headquarters in Brisbane, Australia.