The share price of Michael Hill International (MHI) rose up by almost 5% as the company reported a rise in its sales. The NZX listed jeweler has reported that its revenue rose up by 13% and reached to 95.4 million dollars in the three month till the end of September compared to the same time period of last year.

The sales at its stores rose up by 14% compared to the last year with high gains in markets of Canada, New Zealand, Australia and the US. Meanwhile the MHI has warned that the Christmas is the most critical trading period for the company as the profit or loss of that period will determine the overall success of the company.

The same-store sales rose up by nearly 21% in Canada in the three months till the end of September while the same-store sales rose by 11.5% in Australia, 19% in New Zealand and the sales rose by 17.5% in the US. All the sales growth has posted a 13.9% rise in the total same-store sales across the globe.

The sales growth was seen in the US despite of closures of its eight stores in the country.