Australia's Michael Hill International advances on upbeat trading update

Michael Hill International

27/01/2026 24:53

** Shares of Michael Hill International MHJ.AX rise as much as 13.5% to A$0.42, hitting their highest since January 14

** Stock logs biggest intraday pct jump since January 4

** Jewellery retailer sees 1H26 group comparable EBIT in the range of A$27 million - A$30 million ($18.67 million - $20.74 million) vs A$24.1 million last year

** Attributes upbeat guidance to strong sales performance across Canada and Australia segments, while New Zealand business reversed previous same-store-sales declines

** More than 143,000 shares change hands vs 30-day average volume of around 83,000 shares

** Stock lost 41.5% in 2025

($1 = 1.4465 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))