Michael Hill International Delivers Improved First-Half Trading Momentum
Michael Hill International Limited (ASX: MHJ) delivered a noticeably improved first-half FY26 performance, supported by tighter execution standards and early benefits from refreshed leadership across the business. Group sales increased 3.1% year on year to AU$370.3 million, supported by positive same-store sales growth across all regions, with Canada leading at 6.1%, followed by Australia at 4.8% and New Zealand at 1.8%. Comparable EBIT is expected to range between AU$27 million and AU$30 million, representing growth of 12–24% compared with the prior year, driven by stronger Christmas trading and disciplined cost and promotional management. Despite elevated precious metal prices, gross margins remained broadly stable due to favorable product mix and targeted promotions. The Group also improved working capital efficiency, reducing inventory levels and ending the half with a positive net cash position of around AU$20 million. Store network optimisation and selective flagship upgrade further supported customer experience and brand positioning.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Michael Hill International Delivers Improved First-Half Trading Momentum
Michael Hill International Limited (ASX: MHJ) delivered a noticeably improved first-half FY26 performance, supported by tighter execution standards and early benefits from refreshed leadership across the business. Group sales increased 3.1% year on year to AU$370.3 million, supported by positive same-store sales growth across all regions, with Canada leading at 6.1%, followed by Australia at 4.8% and New Zealand at 1.8%. Comparable EBIT is expected to range between AU$27 million and AU$30 million, representing growth of 12–24% compared with the prior year, driven by stronger Christmas trading and disciplined cost and promotional management. Despite elevated precious metal prices, gross margins remained broadly stable due to favorable product mix and targeted promotions. The Group also improved working capital efficiency, reducing inventory levels and ending the half with a positive net cash position of around AU$20 million. Store network optimisation and selective flagship upgrade further supported customer experience and brand positioning.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au