Michael Hill Needs Cost Cuts to Do Heavy Lifting From Here -- Market Talk

Dow Jones

Feb 24, 2025

2337 GMT - Michael Hill International needs to keep a lid on costs for Citi to consider turning bullish on the jeweler's stock. Analyst James Wang says Michael Hill's costs have outgrown sales since FY 2022. Citi wants that to reverse over the next three years. Still, Citi says managing costs won't necessarily be easy given wages and rents continue to put pressure on retailers. "On gross profit margin, we think there is sufficient uncertainty from commodity input pricing and Michael Hill's brand repositioning strategy to keep expectations of margin expansion tempered," Citi says. It has a neutral call and A$0.50/share price target on Michael Hill, which is unchanged at A$0.475. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 23, 2025 18:37 ET (23:37 GMT)

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Analyst James Wang says Michael Hill's costs have outgrown sales since FY 2022. Citi wants that to reverse over the next three years. Still, Citi says managing costs won't necessarily be easy given wages and rents continue to put pressure on retailers. \"On gross profit margin, we think there is sufficient uncertainty from commodity input pricing and Michael Hill's brand repositioning strategy to keep expectations of margin expansion tempered,\" Citi says. It has a neutral call and A$0.50/share price target on Michael Hill, which is unchanged at A$0.475. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 23, 2025 18:37 ET (23:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Michael Hill Needs Cost Cuts to Do Heavy Lifting From Here -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMichael Hill Needs Cost Cuts to Do Heavy Lifting From Here -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-24 07:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2337 GMT - Michael Hill International needs to keep a lid on costs for Citi to consider turning bullish on the jeweler's stock. Analyst James Wang says Michael Hill's costs have outgrown sales since FY 2022. Citi wants that to reverse over the next three years. Still, Citi says managing costs won't necessarily be easy given wages and rents continue to put pressure on retailers. \"On gross profit margin, we think there is sufficient uncertainty from commodity input pricing and Michael Hill's brand repositioning strategy to keep expectations of margin expansion tempered,\" Citi says. It has a neutral call and A$0.50/share price target on Michael Hill, which is unchanged at A$0.475. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 23, 2025 18:37 ET (23:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7128","symbol_name":"专卖店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513769367","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513769367","pubTimestamp":1740353820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2337 GMT - Michael Hill International needs to keep a lid on costs for Citi to consider turning bullish on the jeweler's stock. Analyst James Wang says Michael Hill's costs have outgrown sales since FY 2022. Citi wants that to reverse over the next three years. Still, Citi says managing costs won't necessarily be easy given wages and rents continue to put pressure on retailers. \"On gross profit margin, we think there is sufficient uncertainty from commodity input pricing and Michael Hill's brand repositioning strategy to keep expectations of margin expansion tempered,\" Citi says. It has a neutral call and A$0.50/share price target on Michael Hill, which is unchanged at A$0.475. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7128":"专卖店","MHJ.AU":"MICHAEL HILL INTERNATIONAL L"},"translate_title":"迈克尔·希尔需要削减成本才能从这里开始承担重任——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MHJ.AU":0.9},"content_text":"2337 GMT - Michael Hill International needs to keep a lid on costs for Citi to consider turning bullish on the jeweler's stock. Analyst James Wang says Michael Hill's costs have outgrown sales since FY 2022. Citi wants that to reverse over the next three years. Still, Citi says managing costs won't necessarily be easy given wages and rents continue to put pressure on retailers. \"On gross profit margin, we think there is sufficient uncertainty from commodity input pricing and Michael Hill's brand repositioning strategy to keep expectations of margin expansion tempered,\" Citi says. It has a neutral call and A$0.50/share price target on Michael Hill, which is unchanged at A$0.475. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 23, 2025 18:37 ET (23:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}