Shoppers have flocked to JB Hi-Fi to purchase TVs, computer systems and white items prior to now six months because the retailer experiences document gross sales and earnings.
The electronics retailer recorded “strong” gross sales progress all through the primary half of the 2023 monetary 12 months, with complete gross sales up 8.6 per cent to $5.3bn.
The firm flagged elevated demand for client electronics and residential home equipment together with “well-executed” Black Friday and Boxing Day gross sales in its ASX replace on Tuesday.
Earnings have been up 14.0 per cent to $479.2m and the corporate is on observe to publish a web revenue of $329.9m this half 12 months.
Online gross sales have been $752.1m, representing solely 14.2 per cent of complete gross sales.
The Good Guys, additionally owned by JB Hi-Fi, elevated gross sales by 7.3 per cent and earnings by 9.8 per cent.
JB Hi-Fi chief govt Terry Smart thanked the corporate’s 13,000 staff for delivering the consequence.
“We are pleased to report record sales and earnings for HY23 as trading conditions started to normalise following two years of Covid related disruptions,” he stated.
“Our relentless focus on providing the best value and high levels of customer service every day, both in store and online, continues to resonate with our customers.”
Tuesday’s replace represents the corporate’s preliminary gross sales, with audited statutory outcomes to be launched on February 13.
