JB Hi-Fi Provides FY2020 Trading Update and Guidance

As JB Hi-Fi Limited (ASX:JBH) prioritises health and wellbeing of its people, customers and business partners, the Company is making investment in measures like additional intensive cleaning, customer store traffic limits, hand sanitiser stations and protective screens at store counters.

The Company’s FY20 year to date sales results are as follows:

Guidance:

Earlier, the Group withdrew its FY20 sales and earnings guidance due to uncertainty from COVID-19. However, the ongoing strong performance in April and May 2020, the company expects its total sales to be ~ $7.86 billion and total NPAT after New Zealand impairment to lie in between $300 million to $305 million.


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