Michael Hill Faces Significant Earnings Decline
Michael Hill Faces Significant Earnings Decline
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.
據週四晚發佈的最新消息，上市珠寶商Michael Hill International（ASX:MHJ）面臨着截至6月份的財年收益顯著下降。
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，預計集團利息和稅前收益（EBIT）爲1400萬至1600萬澳元的財年。
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.
這相當於從2022-23年報告的5890萬澳元的收益下降了70%以上，遠低於2021-22年報告的7323萬澳元。
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，該公司很可能會報告截至6月份的貿易虧損，而股息似乎非常不可能。公司在支付了全年7.5美分的股息後，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.
這是在該公司報告了12月半年度3130萬澳元的盈利之後。如果預期的全年EBIt現在在1400萬至1600萬澳元之間，這意味着下半年將出現重大虧損。
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月收購的Bevilles連鎖店的全年貢獻，該集團銷售額從2022-23年的近63000萬澳元增至2023-24年的超過64100萬澳元，增幅爲3.8%。這種增長是由Bevilles驅動的，而不是公司現有的門店。
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.
據該公司透露，下半年銷售增長了4.9%，期間最後七週的所有市場和渠道都展現了積極的勢頭，銷售額增長了6%。
This marked a significant turnaround from the March quarter loss of around $10 million reported in a May trading update.
這標誌着自5月份交易更新中報告的約1000萬澳元的三月季度虧損以來的顯著扭轉。
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的管理層在週四的聲明中表示，由於宏觀經濟力量影響了自由支配支出，公司“在本財年遭遇了具有挑戰性的零售交易環境。毛利率在全年保持在大約60.5%的水平，數字銷售回歸了與上一年的兩位數增長。”
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，從2022-23年的64.2%下降，這解釋了收益的下降。
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.
公司的債務額度已經增加了4000萬美元，用於爲聖誕貿易提供季節性的營運資本，根據公司的說法，FY24淨債務約爲4000萬美元。
Australia segment revenue rose 10.5%, New Zealand revenue fell 11.8%, and Canada revenue increased 0.3% compared to the previous year.
與上一年相比，澳大利亞地區的營收增長了10.5%，新西蘭的營收下降了11.8%，加拿大的營收增長了0.3%。