JB Hi-Fi net profit and earnings take a hit
JB Hi-Fi has seen its net profit take a hit from $545 million down to $525 million in FY23, while earnings before tax (EBIT) also shrunk 3.2 per cent to $769 million.
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News about jb hi-fi
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Comms, audio and computers drive JB Hi-Fi results
Communications, audio, accessories and computers were the key performing growth categories for publicly listed retailer JB Hi-Fi for the six months to December 2022.
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Restructuring, COVID challenges and cloud - FY22 in review
Numerous companies were impacted by the ongoing pandemic during FY22. Some took up restructuring and the cloud, but for a few, it wasn’t enough to make a profit.
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JB Hi-Fi hits record A$9.2B sales
JB Hi-Fi’s services revenue is proportionally down in the retailer’s results for its last financial year as overall sales rose 3.5 per cent year-on-year, to a record A$9.2 billion.
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JB Hi-Fi half year sales reach almost $5B after ‘extraordinary period’
JB Hi-Fi has posted a mammoth leap in profit after COVID-19 sent its sales soaring across Australia and New Zealand.
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Singaporean electronics e-commerce site Reebelo lands in Australia
Singaporean electronics marketplace Reebelo has opened shop in Australia following US$1.5million seed funding.
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JB Hi-Fi taps Microsoft for warehouse management overhaul
The JB Hi-Fi Group has deployed Microsoft Dynamics 365 Supply Chain Management to transform its warehouse operations as part of a digital transformation effort aimed at keeping business going despite COVID-19 lockdown measures.
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JB Hi-Fi ends FY20 'strong' as online sales boom
JB Hi-Fi has recorded solid growth in its FY20 results, with a notable rise in its online sales across the board.
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JB Hi-Fi forecasts 20% annual profit jump
JB Hi-Fi has forecast annual profit to rise 20-22 per cent, supported by a jump in sales at its domestic stores through the coronavirus pandemic.
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JB Hi-Fi temporarily closes all New Zealand stores
JB Hi-Fi has temporarily closed all 14 of its New Zealand stores, a move made in response to the New Zealand government’s introduction of alert level four restrictions.
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JB Hi-Fi bucks gloomy market conditions
Electronics retailer JB Hi-Fi has bucked broader gloomy sales conditions to report a higher first-half profit and raised its annual earnings forecast, sending shares to a record high.
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JB Hi-Fi beats profit estimates, surpasses $230M
Australian electronics retailer JB Hi-Fi said annual underlying profit rose 12.3 per cent, beating expectations in the process.
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Wesfarmers' discounts to counter Amazon likely boosted sales, hit bottom line
Wesfarmers is likely to say in its upcoming earnings report that annual sales are higher than ever before, despite the arrival of Amazon.
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MGM Wireless signs third reseller in four months
MGM Wireless has signed a trial agreement with JB Hi-Fi that will see the electronics retailer offer MGM's children smartwatch through its online store.
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JB Hi-Fi cuts profit forecast
JB Hi-Fi has lowered its annual profit forecast, citing weak performance at its home appliances business The Good Guys.
