Financial markets can appear to defy logic at times. The reaction to JB Hi-Fi’s 2024 profit result is a perfect case in point.
JB Hi-Fi chief executive Terry Smart runs what is almost universally regarded as one of the best retail teams in the country. But not even Smart can outrun the reality of cost-of-living pressures and dwindling household savings.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
