JB Hi-Fi shares up following the release of its Sales and Full Year 2022 results update

JB Hi-Fi Limited (ASX: JBH) has released its sales update and preliminary unaudited FY2022 financial results.

For the period 1 April 2022 to 30 June 2022, the Group witnessed increased customer demand and robust sales growth.

• JB HI-FI Australia’s total sales growth improved 11.6% in Q4 FY2022 and 4% in FY2022.
• JB HI-FI New Zealand total sales growth in Q4 FY2022 was 7.7% and 0.3% in FY2022.
• The Good Guys total sales growth was 7.8% in Q4 FY2022 and 2.7% in FY2022.

Preliminary unaudited FY2022 financial growth:

• Sales was up 3.5% to A$9,232 million in FY2022 compared to the previous corresponding period (pcp).
• EBIT increased 6.9% to A$794.6 million in FY2022 compared to FY2021.
• NPAT increased 7.7% in FY2022 to A$544.9 million.

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