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Michael Hill Navigates Tough Markets with Margin Gains Despite EBIT Drop
6:17pm on Thursday 23rd of January, 2025 AEDT
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Retail
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Michael Hill Navigates Tough Markets with Margin Gains Despite EBIT Drop
6:17pm on Thursday 23rd of January, 2025 AEDT
Key Points
Comparable EBIT forecast down 24% to $22.5–24 million
Group sales slightly declined 1%, with Canada and Australia growing, New Zealand falling
Gross margin improving to 61–61.5%, aided by new product launches
Digital sales now 8% of total, boosted by omni-channel initiatives
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Michael Hill International (ASX:MHJ)
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