JB HI-FI Limited (ASX: JBH) stock edges low despite confirming $6.9 billion sales in FY18

  • Aug 13, 2018 AEST
  • Team Kalkine
JB HI-FI Limited (ASX: JBH) stock edges low despite confirming $6.9 billion sales in FY18

Electronic retailer JB HI-FI, (ASX:JBH) operating across New Zealand and Australia, reported 21.8% growth in sales over the last 12 months to $6.9 billion. Of this $6.9 billion, JB HI-FI Australia contributed $4.5 billion, JB HI-FI New Zealand contributed $234 million which is 1.1% less than its previous year contribution and The Good Guys contributed $2.1 billion. In FY18, group’s earnings increased by 14.5% to $350.6 million which includes a significant growth from its recently acquired white goods retailer The Good Guys.

JB HI FI started its eight new stores in Australia over the last year, while it repositioned the New Zealand business by shutting down two stores and exiting whitegoods in line with the strategy to improvise their consumer electronics and entertainment products performance.

In FY18 full year results announcement made earlier this day as at 13 August 2018, the group posted a net profit after tax of $233.2 million, up by 12.3% from prior year. In comparison to 9.1% growth in JB HI-FI Australia’s gross profit, The New Zealand business reported 3.8% decline in gross profit earned during fiscal year 2018. However, following the launch of new website, the online sales in New Zealand for FY18 edged up by 96.3% to $9.6 million which accounts to only 4.1% of total sales.

In last 12 months, JB HI-FI evolved in new product categories which include drones, homes security and Telco, while computers, audio and games hardware were among some of its strongest products range.

The group declared fully franked final dividend of 46 cents per security in addition to interim dividend of 86 cents per security paid in February 2018.

In FY19 guidance, the company expects group’s sales to be approximately $7.1 billion with 5 new JB HI-FI stores in Australia and 2 new The Good Guys stores. The group is also expected to shut down one JB HI-FI New Zealand store in FY19.

Following the FY18 results announcement, THE company announced the appointment of Cameron Trainor, Managing Director of JB HI-FI business, to the newly created position of Managing Director Group Merchandise.

Despite reporting 14.5% growth in FY18 earnings, JB HI-FI stock slipped by 0.49% to $23.355 on 13 August 2018 (3:55 PM AEST).

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK