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Michael Hill International (ASX/NZX:MHJ): Turnaround delivers record results and renewed growth Analytics Table
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About Michael Hill International (ASX/NZX:MHJ): Turnaround delivers record results and renewed growth
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Michael Hill International (ASX/NZX: MHJ) has just reported record FY26 results, marking a significant step forward in its turnaround strategy and returning the business to growth across Australia, New Zealand and Canada. Under new leadership, the company has simplified the business, sharpened its focus on its two core brands, strengthened its retail execution and renewed its focus on customers. The result has been stronger sales momentum, improved profitability and the restoration of dividends, while Bevilles has also returned to growth. Michael Hill CEO Jonathan Waecker joins The Stock Network’s Lel Smits to discuss the turnaround, the company’s growth strategy and outlook. 1. A turnaround gaining momentum Michael Hill has returned to growth across all three markets, with stronger customer engagement and improved retail execution helping drive the FY26 result. What has changed within the business over the past year, and what do you see as the key factors behind the turnaround? 2. Making jewellery more relevant to customers The company has simplified its strategy and returned to the core strengths of the Michael Hill brand, with a greater focus on customer experience, product and retail execution. How are you thinking differently about the customer and the opportunity to strengthen the brand from here? 3. Building the next phase of growth With momentum building across Australia, New Zealand and Canada, alongside continued growth in online and the recovery of Bevilles, where do you see the biggest opportunities to take Michael Hill forward? _ _ _ Subscribe to TSN's YouTube channel for the latest stock content: https://www.youtube.com/channel/UCEEVNCMFSRxFa0Bb2wKLS0g?sub_confirmation=1 _ _ _ Follow TSN for the latest stock news and interviews: Twitter: https://twitter.com/thestocknet Instagram: https://www.instagram.com/thestocknetwork/ LinkedIn: https://www.linkedin.com/company/the-stock-network/ TikTok: https://www.tiktok.com/@thestocknet?lang=en Facebook: https://www.facebook.com/TheStockNet/ _ _ _ Connect with our host Lel Smits online - @LelSmits - Twitter / X: https://twitter.com/lelsmits - Instagram: https://www.instagram.com/lelsmits/ - LinkedIn: https://www.linkedin.com/in/leldesmits/ - TikTok: https://www.tiktok.com/@lelsmits?lang=en - Facebook: https://m.facebook.com/lelsmits/ - Threads: https://www.threads.net/@lelsmits _ _ _ Disclaimer The material contained in this post is general in nature only and does not constitute personal financial or legal advice. None of our material should be regarded as advice and you should not rely on any of the content of this post without first obtaining specific professional advice. We give no warranty to the accuracy, reliability or completeness of information that is contained in this post and exclude liability for any loss. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other author, agency, organisation, employer or company. We are not liable for any comment published by users and reserve the right to delete any comment for any reason whatsoever. We have commercial relationships with some of our contributors, and we may receive payment or other benefits from this post. Please see The Stock Network website for our full content disclaimer. _ _ _ Visit TSN's website to sign up for regular stock updates: www.thestocknetwork.com.au _ _ _
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