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Hot Topic Earnings
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Michael Hill pauses Bevilles expansion

The boss of the listed retailer also described Victoria as the ‘most disruptive’ Australian market for retailers.

Bevilles, Melbourne.

Kate McVicar Mon, 25 Aug 2025
Key points
  • Reported revenue: A$644m, down from A$645m year on year.
  • Statutory net profit/loss after tax: A$2.1m net profit, up from a net loss of A$500,000.
  • Key takeaway: The expansion of subsidiary brand, Bevilles, will be put on ice until at least Christmas. 

Michael Hill International will halt the expansion of its lower-cost brand, Bevilles, while it re-examines the business model.

This morning, the NZX and ASX-listed retailer reported annual earnings for the 12 months through to June 29. In that announcement, the company said it would pause further

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Kate McVicar Mon, 25 Aug 2025
Contact the Writer: kate@nbr.co.nz
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Key points
  • Reported revenue: A$644m, down from A$645m year on year.
  • Statutory net profit/loss after tax: A$2.1m net profit, up from a net loss of A$500,000.
  • Key takeaway: The expansion of subsidiary brand, Bevilles, will be put on ice until at least Christmas. 
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Michael Hill pauses Bevilles expansion
Investment,Retail,
110644
true