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.
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.