Australia · Delayed Price · Currency is AUD Michael Hill International Earnings Call Transcripts
Fiscal Year 2026
-
Profitable growth was delivered across all markets in H1 FY26, with EBIT up 28.6% and revenue up 3%. Strong trading momentum continued into H2, supported by disciplined capital management, new product initiatives, and improved supply chain efficiency.
Fiscal Year 2025
-
The AGM addressed challenging trading conditions, flat revenue, and margin pressures, with no dividend declared for FY 2025. Leadership transitions, strategic reviews, and AI integration were highlighted, alongside a focus on brand innovation and operational efficiency.
-
FY2025 revenue and earnings were flat year-over-year amid tough retail conditions, with Canada achieving record sales and Australia showing early signs of recovery. Store network optimization continued, digital sales grew, and no final dividend was declared.
-
Earnings declined in FY2025 H1 due to higher costs and tough retail competition, but gross margins held steady and digital sales grew. Australia and Canada segments showed growth, while New Zealand remained weak. Cost reduction and margin recovery are key priorities for the second half.
Fiscal Year 2024
-
The meeting reviewed a challenging year marked by inflation, lower margins, and no final dividend, but highlighted progress in brand refresh, digital growth, and sustainability. Strategic expansion and board renewal were discussed, with all resolutions supported by the board.
-
FY24 saw revenue growth and market share gains despite margin pressure from inflation and promotions. Strategic investments included a brand refresh, flagship store, and Bevilles expansion, with cost controls and inventory management positioning the group for margin recovery and growth in FY25.