Why it matters: JB Hi-Fi is Australia’s largest home entertainment retailer, and shows how spending is changing.
A final dividend of $1.15 per share fully franked, was down 38¢ per share, will be paid on September 8.
In July, sales at JB Hi-Fi Australia fell 1.8 per cent.
JB Hi-Fi boss Terry Smart says the retailer is well-placed to capture more shoppers’ dollars trading down in a tougher economic environment and expects sale events such as November’s Black Friday to resonate strongly with consumers.
Mr Smart said Australia’s largest home entertainment retailer grew its market share over the past year, helping to cushion the slowdown with July sales falling.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
