Michael Hill’s earnings hit multi-year high, but sales suffer in FY22
UPDATE: Company will not repay government wage subsidies in any jurisdiction, says CFO.
Will Mace Mon, 23 Aug 2021
Michael Hill International saw an 8.6% increase in same store sales in the year to the end of June 2021, but has already lost 2755 store trading days in the first seven weeks of FY22 due to Covid, resulting in a 2% decline in total sales for the period year on year.
