For the first eight weeks of FY25, Group same store sales were up 2.7% on prior year, with same store sales for the:
• Australian segment up 5.0%,
• Canadian segment up 4.0% and
• New Zealand segment down 6.2%.
Total sales for the Group were up 3.2% for the first eight weeks of FY25.
Managing Director & CEO of Michael Hill International Limited, Daniel Bracken said:
“The first eight weeks sales performance has been encouraging, with positive performances from both Australia and
Canada, and some improvement in New Zealand where conditions still remain more challenging. As we plan for the year
ahead, initiatives are underway to drive sales and productivity, enhance margin, optimise inventory and prioritise
operational expenditure across the Group.”
Suppose a small loss not too bad but new year not off to a flying start to that around
F24 cash flow a bit sad ….. FCF negative $39m so a fair bit of debt taken ……wonder what happened to that huge cash mountain they had a year or so agl.
I think they’ve lost their way, market/offering positioning not what the world wants these days. I’ll watch with interest how they (and Kathmandu who are much the same position) manage their way through the next few years
”When investors are euphoric, they are incapable of recognising euphoria itself “
Suppose a small loss not too bad but new year not off to a flying start to that around
F24 cash flow a bit sad ….. FCF negative $39m so a fair bit of debt taken ……wonder what happened to that huge cash mountain they had a year or so agl.
I think they’ve lost their way, market/offering positioning not what the world wants these days. I’ll watch with interest how they (and Kathmandu who are much the same position) manage their way through the next few years
They bought a business and bought back some of their own shares.
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Originally Posted by winner69
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