JB Hi-Fi reported Q2 sales results and preliminary unaudited 1HFY23 financial results

JB Hi-Fi Limited (ASX: JBH) announced Q2 sales results and preliminary unaudited HY23 financial results:

• During 1HFY23, the company has recorded an 8.6% increase in its total sales driven by continued increased customer demand for consumer electronics and home appliances and well-implemented Black Friday and Boxing Day promotional periods.
• The strong sales growth throughout the 1HFY23 and enhanced gross margins resulted in strong EBIT growth of 14.0% to AU$479.2 million.
• The company has reported its 1HFY23 net profit after tax of AU$329.9 million compared to AU$287.9 million in the previous corresponding period, registering a growth of approx 14.6%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com