Hi-Five for JB with NPAT of $438m
JB Hi-Fi (ASX:JBH) has announced Q1 FY25 results, with a 4.9% total sales growth in JB Hi-Fi Australia, 19.6% growth in New Zealand, and 5.3% for The Good Guys.
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Leadership shuffle at CBA and JB Hi-Fi
Two top ASX companies have revealed significant changes in their senior leadership — both of which set up candidates for the top job down the track.
Read MoreJB Hi-Fi delivers sweet payout amidst challenging year
JB Hi-Fi's (ASX:JBH) massive special dividend could not disguise the weakest trading performance in four years for the 2023-2024 financial year—since 2020 and the start of the pandemic. However, it wasn't truly needed given the upbeat news about the retailer's strong trading in the first month of the new financial year.
Read MoreAnalysis of JB Hi-Fi, Judo Capital, Ramsey Health Care
Fund Manager Chris Pedersen discusses JB Hi-Fi, Judo Capital Holdings and Ramsey Health Care.
Read MoreStrong performance from underdogs Temple & Webster and Breville
The recent lackluster performance of JB Hi-Fi (ASX:JBH), marked by weak profits and dividend cuts, has drawn attention to the resilience and success of smaller players in the retail sector. Two notable standouts, Temple & Webster (ASX:TPW) and Breville (ASX:BRG), have defied expectations with solid financial reports despite challenging economic conditions.
Read MoreJB Hi-Fi reports lower earnings
Despite analysts claiming that JB Hi-Fi (ASX:JBH), the country’s leading consumer electronics retailer, surpassed expectations with its lower result, the near 20% slash to the interim dividend tells a very different story.
Read MoreJB Hi-Fi reports sluggish growth
Australian consumer electronics giant JB Hi-Fi (ASX:JBH) has reported sluggish growth, following Super Retail Group's earlier announcement of a stable but unremarkable start to the 2023-24 trading year.
Read MoreJB Hi-Fi hit by 25% reduction in dividend
A nearly 25% reduction in the size of its final dividend revealed the true story behind JB Hi-Fi's (ASX:JBH) annual results released on Monday.
Read MoreInflation, Rates Finally Lower Volume on JB Hi-Fi
The reality of the Reserve Bank’s rate rises and falling real household incomes has finally caught up with electronic and whitegoods retailer JB Hi-Fi.
Read MorePayout Upped but Distant Clouds Loom for JB HiFi
A higher dividend was about all the good news in JB HiFi’s interim report on Monday as sales growth in Australia slowed dramatically, especially for its Good Guys whitegoods business.
Read MoreJB Rides Retail Strength to Solid Half-Yearly
JB HiFi delivered a strong rise in sales and a double-digit jump in half-year profits thanks to strong demand during the Black Friday and Boxing Day promotions.
Read MoreRetail Rumblings: JBH, SUL
Retailers JB HiFi and Super Retail Group both saw strong September quarter sales growth from an artificially low base in the corresponding period a year ago.
Read MoreHaving Conquered Oz, JB HiFi Takes on New Zealand
Is the move by JB Hi Fi to go against the grain and spend the next three years upgrading and expanding its NZ operations a sign that it believes the Australian market is going ex-growth?
Read MoreJB Hi-Fi Earnings Numbers Remain Sound
A surprisingly solid early update Tuesday from electronics and whitegoods retailer JB Hi-Fi, with the company reporting record sales and earnings for the 12 months to June.
Read MoreUpbeat Retailers Find Market a Tougher Sell
A number of leading retailers of all sizes presented trading updates to the Macquarie investment conference yesterday. Some numbers were solid but investors remained unimpressed.
Read MoreJBH – UBS rates the stock as Neutral
The $54 target price and Neutral rating are retained after upgrades to the broker’s EPS estimates due to stronger JB Australia sales and earnings margins.
Read MoreBourse Discourse: JBH, NAB, SXL
Plenty of positive news from the Thursday ASX trading session, including these announcements from JB Hi-Fi, National Australia Bank and Southern Cross Media Group.
Read MoreJBH – UBS rates the stock as Neutral
The Neutral rating is retained and the target price increases to $54.00 from $51.00.
Read MoreJB Hi-Fi Buyback News Well Received
Investors loved the news that shareholders in consumer electronics retailer JB Hi-Fi will get a $250 million ‘gift’ via a buyback to help make up for a lower interim dividend.
Read MoreJB HiFi Shares Jump 6% as Sales Hold Up
Shares in leading electronics and whitegoods retailer JB Hi-Fi rose strongly yesterday after it unveiled a better-than-expected result for the first half of the new financial year.
Read MoreJBH – Morgans rates the stock as Add
Morgans upgrades JB Hi-Fi to Add from Hold after the recent share-price retreat, the broker noting the company is much cheaper than its historical averages. Target price steady at $54.
Read MoreShop Talk: COL, JBH, API
Not easy to make a dollar in the retail space over the past couple of years. Here’s how three of the majors are faring: Coles Group, JB Hi-Fi, and Australian Pharmaceutical Industries.
Read MoreJBH – Morgans rates the stock as Hold
Morgans leaves estimates largely unchanged after FY21 results and retains its Hold rating, while raising the price target to $54 from $52.23.
Read MoreJB Hi-Fi Delivers Record, but Challenges Abound
2020-21 was a record year for JB Hi-Fi – record sales, record earnings and yesterday we saw a record final and dividend for the year that some banks would envy – but where to from here?
Read MoreJBH – UBS rates the stock as Neutral
UBS resumes coverage of JB Hi-Fi with a Neutral rating and $50 target.
Read MoreRetail Not So Breezy the Second Pandemic Around
The current spate of lockdowns will make 2020-21 annual reports look out-of-date if the update and comments from electronics and homegoods retailer JB Hi-Fi yesterday is any guide.
Read MoreJB Hi-Fi Upgrade Gets Lo-Fi Reaction
A cautious reaction to a solid trading update from the country’s biggest electronics and whitegoods retailer JB Hi-Fi, which says it continues to see strong demand from customers.
Read MoreAnother Long-Time CEO Bites the Dust
Investors reacted predictably after long-time JB Hi-Fi CEO Richard Murray sprung a major shock on investors by deciding to leave JBH for the top job at the much smaller Premier Investments.
Read MoreJB Hi-Fi Flying Sky-High
JB Hi-Fi has nearly doubled its interim dividend after confirming its spectacular first half results yesterday, in turn pushing the share price up more than 3% to $52.44 at the close on Tuesday.
Read MoreJB Hi-Fi, Super Retail Group Buoyed by Strong Online Performances
The online retailing boom continues to show up in trading updates from major chains, with JB Hi-Fi and Super Retail Group’s December 30 half year updates showing big gains, albeit slightly slower than in the closing months of the June 30, 2019-20 year.
Read MoreOur vacations might not be the only thing ‘staying local’ for a while
Australian investors are known to be very parochial, and have historically reflected this attitude with a home bias – possibly because of the lure of familiarity with companies, franking credits and the currency hedge (most spend in Australian dollars).
Read MoreJBH – Credit Suisse rates the stock as Outperform
Credit Suisse rates the stock as Upgrade to Outperform from Neutral, believing the market is too bearish regarding expenditure on the household goods sector. Target raised from $50.62 to $53.02.
Read MoreTop 5 learnings from a noise filled reporting season
Having just come out of reporting season, one of the main observations that stood out was the unusually high level of noise.
Read MoreJB-Hi Fi Booms, But Investors Worry A Slowdown Looms
As it did in the closing months of 2019-20 with a surge in sales from stuck home customers, JB Hi-Fi says it has seen more of the same so far in 2020-21.
Read MoreWindow Opens On Consumer Trends
Consumers shopped in larger quantities, less frequently and increasingly online during the height of the nationwide lockdowns. The question now is: which trends will persist and which stocks will benefit as restrictions ease?
Read MoreLockdown Lifts JB Hi-Fi To “Strong Result In The Most Challenging Times”
JB Hi-Fi has been one of the biggest benefactors of Australia’s coronavirus lockdowns, with thousands of Australians buying new TVs, monitors, laptops, phones, watches, and keyboards to help work from home throughout March and April.
Read MoreJB Hi-Fi Upgrades Guidance As “Elevated Sales Growth” Rolls On
Another strong sales report from JB Hi Fi (and its Good Guys offshoot) to go with its surprisingly solid March quarter figures. As a result of the better than expected report the company has reinstated and upped its full-year guidance.
Read MoreJB Hi-Fi Cashes In On Work From Home Boom
JB Hi-Fi has confirmed that it is surviving the COVID-19 lockdown in fine style, reporting strong comparable sales growth thanks to hundreds of thousands of Australian workers being forced to work remotely or educate their children from their homes.
Read MoreJBH – Credit Suisse rates the stock as Neutral
The surge in demand that occurred in March and April may be underwriting a strong result but Credit Suisse notes significant uncertainty in the outlook as household income and business cash flow declines.
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