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An update from Michael Hill International Ltd. ( (AU:MHJ) ) is now available.
Michael Hill International Ltd. reported flat year-on-year earnings for FY25, with a comparable EBIT expected between $14m to $16m. Despite challenging retail conditions, the company saw a 2.4% increase in same store sales in the second half, driven by strong performance in Canada and new product initiatives. The company managed its inventory levels effectively and implemented cost reduction strategies, although it closed 14 stores and converted two to the Bevilles brand. Looking ahead, the company aims to capitalize on the positive momentum in the second half to boost performance during the Christmas trading period.
The most recent analyst rating on (AU:MHJ) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on Michael Hill International Ltd. stock, see the AU:MHJ Stock Forecast page.
More about Michael Hill International Ltd.
Michael Hill International Ltd. operates in the retail industry, specializing in jewelry. The company offers a range of products including its ‘Pendant Bar’ range and an expanded ‘LAB.’ collection, targeting both existing and new customers across markets in Australia, Canada, and New Zealand.
Average Trading Volume: 164,642
Technical Sentiment Signal: Sell
Current Market Cap: A$159.7M
Find detailed analytics on MHJ stock on TipRanks’ Stock Analysis page.