Michael Hill International Limited Announces Sales Results for the Year Ended June 30, 2016; Provides Earnings Guidance for the Year Ended June 30, 2016
July 06, 2016 at 08:15 pm EDT
Share
Michael Hill International Limited announced sales results for the year ended June 30, 2016. For the year, same-store sales increased 5.1%, compared to year ended June 30, 2015. Same-store sales were AUD 512,040,175 compared to AUD 487,258,074 for the year ended June 30, 2015. All store sales increased 8.9%, compared to year ended June 30, 2015. All store sales were AUD 545,122,939, compared to AUD 500,459,463 for the year ended June 30, 2015.
The Group expects earnings before interest and tax to be in the range of AUD 46 million to AUD 48 million for the 12 months.
Michael Hill International Limited is an Australia-based jeweler retailer, with a portfolio of brands, operating a network of over 302 stores across Australia, New Zealand, and Canada, with multiple international digital platforms. The Company operates predominately in the retail sale of jewelry and related services sector in Australia, New Zealand, and Canada. The Company offers various products and services under various categories, including engagement and weddings, jewelry, gifts, and collections. Its engagement and weddings category include engagement rings, promise rings, bridal sets, women's wedding rings and men's wedding rings. Its jewelry includes rings, earrings, bracelets and bangles, necklaces and pendants, chains, men's jewelry, watches, sterling silver, yellow gold, white gold, rose gold, as well as diamond jewelry and gemstone jewelry. Its collections consist of bridal collections and fashion collections. Its fashion collections include Stardust and Celebrations.
Michael Hill International Limited Announces Sales Results for the Year Ended June 30, 2016; Provides Earnings Guidance for the Year Ended June 30, 2016
MICHAEL HILL INTERNATIONAL LIMITED 
