Michael Hill Sees Revenue Increase, Boosting Holiday Season Prospects

Michael Hill reported a 4.3% rise in year-on-year revenue during the first 14 weeks of fiscal 2025, suggesting a promising outlook for the holiday season. Same-store sales also grew by 4%, and gross margins improved compared to the latter half of fiscal 2024. The jeweler added one new store and refurbished three existing ones, while its Bevilles chain expanded to 38 branches. CEO Daniel Bracken noted the positive momentum and highlighted a new holiday campaign and "pendant bar" concept as key drivers for the upcoming Christmas season.