Emma & Roe was in an improved position compared to the end of the first quarter, when total sales rose 27 per cent but same-store sales dropped 12 per cent, the company said.
It has been undergoing a "comprehensive brand review" and said that is now in the final stages, with management reviewing the findings. In its annual results last year, the company said losses from the brand had exceeded expectations and it would likely adjust the brand, which sells charm bracelets and accessories, in the current financial year.
There were 317 Michael Hill stores trading at the end of December, with 14 opened in the period. Six opened in Australia, bringing the total there to 172; one opened in New Zealand; seven opened in Canada, bringing stores there to 83, and the company says the pace of further openings there will be dictated by the availability of suitable locations and leases.
In the first half of 2018, Michael Hill's Canada same-store sales were up 4.8 per cent in local currency terms, with total store sales growth of 18.1 pe rcent to C$73.1m ($80m) dollars. Same-store and total sales for the brand also rose in New Zealand and Australia, but in the US same-store sales dropped 10 per cent to US$5.7m ($7.8m) while total sales fell 14.6 per cent.
Dual-listed Michael Hill shares gained 0.8 per cent to $1.35 on the NZX, and have shed 6.2 per cent in the past 12 months.