JB HI-FI Limited Provides Q1 FY20 Update

  • Oct 24, 2019 AEDT
  • Team Kalkine

JB HI-FI Limited (ASX: JBH) organised its 2019 Annual General Meeting today. All resolutions were passed, and the company reaffirmed its previously announced FY20 guidance of total sales of ~$7.25 billion.

Q1 FY 20 Sales Update

  • JB HI-FI Australia achieved total sales growth of 4.7%, with comparable sales growth of 3.7%.
  • JB HI-FI New Zealand achieved total sales growth of 3.8%, with comparable sales growth of 3.8%.
  • Total sales growth for The Good Guys was -0.5%, with comparable sales growth of -1.8%.

At 1:04 PM AEST, JBH was trading at $36.19, up by 6.01% relative to its last close.

 

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