MHJ Registers Strong Growth in Digital Sales

  • Jul 16, 2020 NZST
  • Team Kalkine
MHJ Registers Strong Growth in Digital Sales

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.

 


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