Michael Hill Canadian sales surge 14.6 per cent

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Michael Hill International has reported a 3.4 per cent year on year sales increase to $366 million (AUD 495.6 million) for the year that ended on June 30. Same-store sales for this time improved only 0.7 per cent.

In Canada, the brand’s sales surged 14.6 per cent to $61 million (CAD $79.1 million), and same-store sales rose 2.5 per cent. The company’s U.S. market, which is its smallest, also rose 13 per cent to $11.3 million, with comparable-store sales increasing 3.5 per cent.

Meanwhile, in Australia—the jeweller’s largest market—sales fell 1.4 per cent to $217 million (AUD 294.4 million), while comparable-store sales slipped 2.5 per cent. The company will release its comprehensive financial report on August 14. CJ

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