Listed jewellery retailer Michael Hill International has reported a 6.5% lift in first quarter sales (for the three months to September 30).
In a statement to NZX, the company said its total sales rose to $101.4 million compared with $95.2m in the same period last year. Calculated on a same store basis, sales were up 1.4% to $95.6 million.
The company said sales were "challenging" in its three established markets during the first quarter, but that the US business did show "some strong growth" over the previous first quarter.
"Overall the board is pleased with the sales results especially given they were on the back of strong growth in the first quarter of last year. The second quarter is the most critical trading period for the group so the next three months trade will largely determine the result for the 2011-12 year," chairman Michael Hill said.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- NZ dollar gains as upbeat data across Asia spurs US dollar selling
- MARKET CLOSE: Shares rise as Trade Me gains, F&P reaches record; A2 Milk falls
- NZ house values rise at fastest pace in nine years
- Will Hellaby's lumpy contract oil and gas business finally deliver?
- Costly court forgery for twice-bankrupted property developer
Most listened to
- Hellaby’s oil & gas services business could deliver this year, says new managing director Alan Clarke
- Hamish McNicol talks about Yoghurt Story
- TrueNet's John Butt on internet speeds
- Snakk Media chief executive Mark Ryan wonders how to "move the needle" on Snakk's share price
- Head-to-head: Federated Farmers director Katie Milne and SAFE executive director Hans kriek debate dairy industry's treatment of bobby calves