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Michael Hill nine-months sales up 9%

Thursday 14th April 2011

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Jeweller Michael Hill International reported nine month sales rose 9% to $372.3 million, despite negative impacts of natural disasters in Queensland and Christchurch.

The company also today said same store sales were up 8.6% in the nine months to the end of March to $359.7 million. That included third quarter same store growth of 5.7%.

Australian same store sales growth for the nine months rose 9.5% to $244.4 million, with all store sales up 10.5% to $250.9 million.

In this country same store sales gained 3.5% to $76.7 million for the nine months, with all sales up 4.7% to $77.6 million. Canadian same store sales gained 13.5% to $30.5 million, while all store sales lifted 22.1% to $35.9 million.

In the US, where store numbers were reduced to nine from 17 last June, same store sales lifted 13.4% to $8.1 million, while all sales fell 28.2% to $8 million.



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