JB Hi-Fi Reports Strong Half-Year Financials and Strategic Acquisition

JB Hi-Fi Limited ( (AU:JBH) ) just unveiled an update.

JB Hi-Fi Limited reported a strong financial performance for the half-year ending December 2024, with total sales increasing by 9.8% to $5.67 billion and net profit after tax rising by 8.0% to $285.4 million. The company completed a strategic acquisition of 75% of the premium home appliance retailer E. & S. Trading Co., which is expected to complement its existing business. Despite challenging market conditions with increased competitive activity, JB Hi-Fi maintained its competitive edge through disciplined cost control and effective promotional strategies. Online sales saw significant growth, particularly in New Zealand, while the company declared an interim dividend, demonstrating a strong commitment to shareholder returns.

More about JB Hi-Fi Limited

JB Hi-Fi Limited operates in the retail industry, focusing primarily on technology and consumer electronics products. It serves markets in Australia and New Zealand through brands such as JB Hi-Fi and The Good Guys, with a strong emphasis on providing high levels of customer service and value.

YTD Price Performance: 10.54%

Average Trading Volume: 273,789

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$11.2B

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