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Michael Hill ‘laser focused’ on New Zealand profitability

The boss of the listed jeweller says the company has been ‘more homogenous’ than it needed to be in the past.

Michael Hill, Queenstown.

Kate McVicar Mon, 02 Mar 2026
Key points
  • Revenue increased 3% to A$371m ($438.7m).
  • Profit rose 32% to A$22.3m.
  • Main takeaway: New Zealand sales for the listed jeweller have started to turn around for the first time since 2023.

Michael Hill International is talking up its New Zealand business after the domestic arm reported sales growth for the first time since 2023, with one analysts saying the early signs from a new management team have been encouraging.

This morning, the listed jeweller reported interim results for the

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Kate McVicar Mon, 02 Mar 2026
Contact the Writer: kate@nbr.co.nz
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Key points
  • Revenue increased 3% to A$371m ($438.7m).
  • Profit rose 32% to A$22.3m.
  • Main takeaway: New Zealand sales for the listed jeweller have started to turn around for the first time since 2023.
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Michael Hill ‘laser focused’ on New Zealand profitability
Investment,
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true