JB Hi-Fi shares Q3 sales update

Across the Group.

JB Hi-Fi has affirmed its previously announced FY19 Group sales guidance of total sales of circa $7.1 billion at its annual general meeting (AGM) and provided a sales update for the three months to 30 September, 2018.

JB Hi-Fi Australia recorded sales growth of 5.3%, down from 8.1% in the previous corresponding period (pcp) with comparable sales growth of 3.4%, down from 4.9% in the pcp.

JB Hi-Fi New Zealand sales were up 4% compared to a loss of 6.3% in the pcp, with comparable sales growth of 9.8%, up from a loss of 6.2% in the pcp.

(Photo Credit: Penny Stephens, The Age)

As for The Good Guys, total sales growth was 2.3%, down from 4.1% in the pcp with comparable sales growth of 1%, down from 3.4% in the pcp.

JB Hi-Fi Group CEO, Richard Murray said, “In JB Hi-Fi and The Good Guys, we believe we have two unique and relevant brands, particularly in the eyes of our customers.

“With a customer focused, flexible and dual branded business model built on a diverse product offering, the best brands at low prices, exceptional customer service and a high quality multichannel offer, we are confident that we will maintain our market leading competitive position.

“I look forward to another exciting and successful year in FY18.”


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