What we learnt: JB Hi-Fi defies rate fears, Bendigo delivers a shock
How to explain JB Hi-Fi’s rising sales amid falling consumer confidence. And why Bendigo Bank shares were hammered on a surprise that shouldn’t have been.
JB Hi-Fi chief executive Terry Smart has seen the consumer confidence surveys, read the stories about what rising interest rates will do to spending, and digested the analyst numbers tipping his group’s profit will fall 25 per cent in the 2023 financial year.
But so far, the pain simply isn’t showing up.
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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
