Michael Hill International Limited (NZX:MHJ) has provided trading highlights for the fourth quarter. Key highlights include:
- Adjusted same store sales for the quarter declined by 4.1%, as compared to previous year, led by initiatives gathering momentum across the business;
- Online sales were up by 193% against prior year, delivering some of the highest weeks in the company’s history;
- In Q4FY20, margin increased by 200 bps against prior year, to deliver flat profit dollars for the quarter on an adjusted same store sales basis.