Michael Hill Faces Significant Earnings Decline
Michael Hill Faces Significant Earnings Decline
The news of the significant profit decline suggests that the company is likely to report a trading loss for the year ending June, and a dividend appears very unlikely. The company paid an interim dividend of 1.75 cents per share after paying a full-year dividend of 7.5 cents.Listed jeweller Michael Hill International (ASX:MHJ) is facing a significant decline in earnings for the year ending June, according to an update released late Thursday evening.
据周四晚发布的最新消息，上市珠宝商Michael Hill International（ASX:MHJ）面临着截至6月份的财年收益显著下降。
The update indicated expected group earnings before interest and tax (EBIT) of $14 million to $16 million for the financial year.
更新表明，预计集团利息和税前收益（EBIT）为1400万至1600万澳元的财年。
This represents a decline of more than 70% from the $58.9 million reported for 2022-23 and a substantial decrease from the $73.23 million reported in 2021-22.
这相当于从2022-23年报告的5890万澳元的收益下降了70%以上，远低于2021-22年报告的7323万澳元。
The news of the significant profit decline suggests that the company is likely to report a trading loss for the year ending June, and a dividend appears very unlikely. The company paid an interim dividend of 1.75 cents per share after paying a full-year dividend of 7.5 cents.
收益大幅下降的消息表明，该公司很可能会报告截至6月份的贸易亏损，而股息似乎非常不可能。公司在支付了全年7.5美分的股息后，支付了每股1.75美分的中期股息。
This comes after the company reported an EBIT of $31.3 million for the December half. If the expected full-year EBIT is now between $14 million and $16 million, it implies a significant loss in the second half.
这是在该公司报告了12月半年度3130万澳元的盈利之后。如果预期的全年EBIt现在在1400万至1600万澳元之间，这意味着下半年将出现重大亏损。
Group sales for the year, including a full year's contribution from the Bevilles chain acquired in April 2023, rose 3.8% from just under $630 million in 2022-23 to just over $641 million in 2023-24. This increase was driven by Bevilles, not the company's existing stores.
包括2023年4月收购的Bevilles连锁店的全年贡献，该集团销售额从2022-23年的近63000万澳元增至2023-24年的超过64100万澳元，增幅为3.8%。这种增长是由Bevilles驱动的，而不是公司现有的门店。
Second-half sales rose 4.9% as the last seven weeks of the period showed positive momentum in all markets and channels, with sales up 6%, according to the company.
据该公司透露，下半年销售增长了4.9%，期间最后七周的所有市场和渠道都展现了积极的势头，销售额增长了6%。
This marked a significant turnaround from the March quarter loss of around $10 million reported in a May trading update.
这标志着自5月份交易更新中报告的约1000万澳元的三月季度亏损以来的显著扭转。
Michael Hill management said in Thursday's release that the company "experienced challenging retail trading conditions during the year as macroeconomic forces impacted discretionary spending. Gross margin settled at about 60.5% for the year, and digital sales returned to double-digit growth compared to the previous year."
Michael Hill的管理层在周四的声明中表示，由于宏观经济力量影响了自由支配支出，公司“在本财年遭遇了具有挑战性的零售交易环境。毛利率在全年保持在大约60.5%的水平，数字销售回归了与上一年的两位数增长。”
Gross margin is down sharply from the 64.2% reported for 2022-23, explaining the collapse in earnings.
毛利率大幅下降，从2022-23年的64.2%下降，这解释了收益的下降。
The company's debt facility has been increased by $40 million for the four months starting September 15 to fund seasonal working capital for Christmas trade, putting FY24 net debt at approximately $40 million, according to the company.
公司的债务额度已经增加了4000万美元，用于为圣诞贸易提供季节性的营运资本，根据公司的说法，FY24净债务约为4000万美元。
Australia segment revenue rose 10.5%, New Zealand revenue fell 11.8%, and Canada revenue increased 0.3% compared to the previous year.
与上一年相比，澳大利亚地区的营收增长了10.5%，新西兰的营收下降了11.8%，加拿大的营收增长了0.3%。
