FilingReader Intelligence
Michael Hill reports flat sales amid mixed performance
July 31, 2025 at 10:01 AM UTC•By FilingReader AI
Michael Hill International projects FY25 comparable EBIT between $14m and $16m, matching the prior year's $15.9m. Group sales were flat year-on-year, though the second half saw a 2.4% increase in same store sales.
The company continued store rationalization, closing 14 Michael Hill stores and opening two, ending with 287 total stores. Net debt closed at $42m with inventory at $199m.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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NZX:MHJ•New Zealand Exchange
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