JB Hi-Fi shares have jumped as much as seven per cent after the electronics and home entertainment retailer’s first-quarter Australian sales rose 3.7 per cent.
The company reaffirmed its full-year revenue guidance of about $7.25 billion after comparable sales growth at its Australian JB Hi-Fi stores accelerated from 3.4 per cent in the prior corresponding period.
Comparable sales at its whitegoods retailer The Good Guys shrank 1.8 per cent in the three months to September 30 but chief executive Richard Murray said JB Hi-Fi still believed it has “two unique and relevant brands, particularly in the eyes of our customers”.
AAP
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