{
  "id": 4520233,
  "title": "Earnings call transcript: Michael Hill posts record revenue in H2 2026 turnaround",
  "url": "https://urgent.news/2026/08/30/earnings-call-transcript-michael-hill-posts-record-revenue-in-h2-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-30T22:47:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-michael-hill-posts-record-revenue-in-h2-2026-turnaround-93CH-4882078"
  },
  "original_language": "en",
  "account": "Michael Hill International reported record group revenue of AUD 655.7 million for the second half of fiscal 2026, marking a 4.1% increase in constant currency and a 1.9% rise in Australian dollars. The jewelry retailer also experienced a surge in same-store sales, growing by 5.2% in constant currency and 3% in Australian dollars. Comparable EBIT rose by an impressive 57%, reaching AUD 24 million and pushing the EBIT margin to 3.7% of revenue. Net debt decreased significantly to AUD 5.5 million from AUD 41.9 million the previous year, while the company declared a final dividend of AUD 0.02 a share, partially franked. The company's strategic pivot towards modern luxury, accessible design, and customer experience, along with a more focused product range, has proven successful, with sales improving across all markets, including Canada, Australia, and New Zealand. The company's loyalty program now boasts 3.3 million members, and custom and personalized products account for over 15% of its sales. Inventory fell by AUD 9.4 million to AUD 189.7 million, and inventory productivity improved by 13% year on year. The company plans to invest in stores, digital tools, and product ranges, with capital spending set to rise to AUD 25 million in FY 2027.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Austal posts record FY 2026 revenue but reports loss",
        "url": "https://urgent.news/2026/08/31/earnings-call-transcript-austal-posts-record-fy-2026-revenue-but",
        "published": "2026-08-31T00:17:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}