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Commenting on the result, Michael Hill International Limited, Managing Director and CEO Daniel Bracken said: “I’m particularly pleased with our results, having delivered double digit same stores sales growth together with continued margin improvement for the quarter – marking our ninth quarter of positive same stores sales growth since FY19Q3. These results reaffirm our transformational agenda is enhancing all aspects of our business, broadening our omni-channel offering, elevating our brand and delivering growth. “Our strategic initiatives – driving elevated margins, an intense focus on costs, and strong digital and physical sales, have all combined to lessen the negative impact on earnings from sustained store closures across Australia and New Zealand. “Upon reopening, our Canadian business has been flying, delivering impressive sales and margin growth every week. This demonstrates that as territories reopen, the business is ready to meet the strong consumer demand, with the right inventory, engaged team members and appropriate safety protocols in place. We are looking forward to the progressive reopening of our NSW, VIC and Auckland stores, in readiness for the all-important trading period.”
Update can be found here: