News Articles for JB Hi-Fi

JB Hi Fi NPAT rises 5.4pc

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JB Hi-Fi chief executive Terry Smart says the company's commitment to driving value has resulted in it being able to continue positive financial momentum.

ACCC, The Good Guys settle row

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Discount electronic and whitegoods retailer The Good Guys will pay almost $14 million, under an agreement with the competition watchdog to resolve federal court proceedings.

JB Hi-Fi shares rise following updates

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Shares in JB Hi-Fi hit a record $74.54 on Monday morning following two significant market announcements.

JB Hi-Fi profit, sales down

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Shares in Australian home entertainment provider JB Hi-Fi hit a record mark on Monday, despite the company announcing its total sales and profit took hits throughout the first half of the 2024 financial year.

JB Hi-Fi sales up to $9.2bn

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JB Hi-Fi says it made $544.9 million in net profit after tax in the 12 months to June 30, 7.7 per cent more than last year, as consumer demand stayed strong for electronics and home appliances.

JB Hi-Fi profit soars, lockdowns hit sales

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Strong demand for home appliances and technology products has helped retailer JB Hi-Fi lift full-year profit and dividend.

WA’s Wesfarmers dominates retailer awards

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Hardware giant Bunnings has been crowned Australia's top online retailer while four other Wesfarmers-owned businesses have been listed in the top 10.

Mark McInnes to leave Premier Investments

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The owner of chains such as Peter Alexander and Just Jeans has announced a new retail chief executive after incumbent Mark McInnes decided to step down.

Local alternatives great for the state

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WA's appeal as a safe destination is off the charts, providing a great opportunity to build for the future.

JB Hi-Fi meets profit, optimistic for second half

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JB Hi-Fi has posted record interim sales after customers scooped up the retailer's gadget and entertainment offerings during the COVID-19 pandemic.

Super Retail, JB Hi-Fi's first-half earnings boom

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Two retail groups which own the Supercheap Auto and JB Hi-Fi stores have reported bumper first-half earnings during the pandemic.

Virus lifts JB Hi-Fi as customers stay home

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Entertainment retailer JB Hi-Fi has been buoyed by customers spending more on electronic equipment to supply their home offices during the coronavirus pandemic.

JB Hi-Fi lifts guidance amid sales surge

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JB Hi-Fi has bumped up its full-year profit guidance following a surge in sales since March as customers forced to work from home boosted demand for home appliances and technology products.

Retail spending jumped in March

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Retail spending in Western Australia increased by 9.9 per cent in March as consumers stockpiled food, home and office supplies, resulting in some retailers, including JB Hi-Fi, posting a strong quarter.

Aust stocks plunge amid virus shutdowns

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Australian stocks have plunged more than 7.5 per cent as borders close and businesses shut in efforts to halt the spread of the coronavirus pandemic.

JB Hi-Fi lifts payout on Christmas cheer

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JB Hi-Fi's Christmas has proven music to investors' ears, with strong summer sales and online growth helping the electronics retailer shake sector-wide softness and post a record first-half profit.

Retail outlook takes another hit

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What Christmas gave to Australian retailers, the bushfires are taking away, but there could be worse to come for shopkeepers and shopping centre owners when the latest international trends wash up here.

Tax, rate cuts lift retail confidence

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ANALYSIS: A recent rise in share prices for listed retailers reflects some positive signs across the economy.

JB Hi-Fi lifts profit, says more to come

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JB Hi-Fi shares have surged after the electronics and whitegoods retailer lifted full-year profit 7.1 per cent to $249.8 million and tipped more to come.

JB Hi-Fi lifts H1 profit 5.5% to $160m

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JB Hi-Fi has lifted first-half profit 5.5 per cent to $160.1 million despite volatile holiday trading for the electronics and home entertainment retailer.

JB Hi-Fi shares slump on margin warning

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JB Hi-Fi shares have slumped despite a big lift in first-half profit, after the home electronics and entertainment retailer warned of margin pressures and issued lower-than-expected guidance.

JB Hi-Fi sales growth slows

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JB Hi-Fi's sales growth has slowed, but it still expects total sales to jump 21 per cent this financial year.

JB Hi-Fi delivers record profit

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Electronics retailer JB Hi-Fi has reported strong sales growth for the 2017 financial year and says it expects that to continue heading into the peak Christmas trade.

JB Hi-Fi earnings up on strong sales

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Strong sales of computers, cameras and home appliances have helped drive JB Hi-Fi's half-year profit up by nearly 16 per cent to $110.4 million.

It’s shopping, but not as you know it

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No sooner have retailers modified their business model to deal with a new technology than along comes a fresh challenge to the sector.

JB Hi-Fi up on Good Guys buy

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JB Hi-Fi shares have soared after returning to trade for the first time since the electronics retailer announced an $870 million takeover of The Good Guys.

JB Hi-Fi buys The Good Guys for $870m

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JB Hi-Fi has struck a deal to buy whitegoods retailer The Good Guys for $870 million.

Shares open 42pts lower

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The Australian share market has continued on its downward path, with banks and retail-focused shares weighing despite a bounce in the energy sector.

JB Hi-Fi downplays takeover speculation

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JB Hi-Fi has responded to renewed media speculation by saying that it is continuing acquisition discussions with whitegoods retailer The Good Guys but nothing has been finalised.

JB Hi-Fi delivers after Dick Smith demise

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Shares in JB Hi-Fi have soared after the retailer beat its full-year profit guidance following the collapse of rival Dick Smith.

JB Hi-Fi given thumbs up to buy Good Guys

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JB Hi-Fi has welcomed the competition watchdog's green light to make a move for whitegoods retailer The Good Guys.

Good Guys pushes ahead with IPO

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Whitegoods retailer The Good Guys is pushing ahead with plans to float on the Australian Securities Exchange despite holding takeover talks.

JB Hi-Fi in talks with The Good Guys

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Shares in JB Hi-Fi have risen after the home entertainment retailer confirmed its interest in The Good Guys.

JB Hi-Fi lifts profit

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JB Hi-Fi expects continual expansion of its home appliance business to cushion it from a competitive electronics market.

Short circuit at Dick Smith

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The Dick Smith chain of technology and electrical goods shops is probably a poor example of the wider problems confronting retailing but its collapse this week is a reminder that the shake-out which has rattled the retail world over the past few years is far from over.

Managers could nick shareholders’ silver

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Increasingly generous staff share issues in the US threaten the rights of existing shareholders.

ThinkSmart returns to profit

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Perth company ThinkSmart has predicted an after-tax profit of $0.5 million for the first six months of 2013, at its annual general meeting today.

ThinkSmart extends JB Hi-Fi deal

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Perth-based office and computer equipment financier ThinkSmart has extended its contract with JB Hi-Fi until mid-2014.

ThinkSmart extends deal with JB Hi Fi

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Computer and office equipment financer, ThinkSmart, has signed a two year contract extension with JB Hi Fi.

JB Hi Fi falls on CEO, profit reports

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Shares in retailer JB Hi-Fi fell almost five per cent in morning trade despite reporting a 29 per cent increase in net profit for the first half of 2009/10 and announcing chief executive Richard Uechtritz will step down in July/August this year.