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JB Hi-Fi saw steady sales growth in Australia, strong gains in New Zealand, and plans store expansions amid a 3.1% share drop.
JB Hi-Fi reported steady 5% same-store sales growth in Australia for its namesake stores in the September quarter, matching last year’s pace, while The Good Guys saw growth slow to 2.4% from 5.0%.
The e&s furniture chain posted 0.7% growth.
In New Zealand, sales surged 24.3%, up from 2.7%, attributed to market share gains.
CEO Nick Wells cited strong inventory, promotions, and early progress on the e&s acquisition—75% stake for $47.8 million in 2024—as positive signs ahead of the holiday season.
The company plans to open five Australian and three New Zealand stores in 2025/26, close one Australian location, and expand e&s to Tasmania with a new Hobart store.
Despite a 3.1% share drop to $109.96, shares are up 16.4% year-to-date.
JB Hi-Fi registró un crecimiento constante de las ventas en Australia, fuertes ganancias en Nueva Zelanda, y planes de expansión de tiendas en medio de una caída del 3,1% en las acciones.