JB Hi-Fi has reported sales growth for the first half of FY23 with preliminary figures showing total sales up 8.6% to $5.3 billion, supported by Black Friday and Boxing Day promotional periods.

Online sales were $752.1 million, representing 14.2% of total sales.

JB Hi-Fi Australia recorded total sales growth of 5.6% with comparable sales up 4.9%. JB Hi-Fi New Zealand saw both total sales and comparable sales increase 9.8% during the period. The Good Guys experienced total sales and comparable sales growth of 3.3%.

JB Hi-Fi group CEO, Terry Smart was pleased to report record sales and earnings for HY23, suggesting trading conditions are starting to normalise following two years of Covid-related disruptions.

“Our relentless focus on providing the best value and high levels of customer service every day, both in-store and online, continues to resonate with our customers. As always, a key part of our continued success is our over 13,000 team members and their passion and dedication to looking after our customers’ needs,” he said.

JB Hi-Fi group will release its half year audited statutory results on 13 February 2023.