jb hi-fi reports strong sales and profit - home appliances suppliers

by:Yovog     2023-03-04
jb hi-fi reports strong sales and profit  -  home appliances suppliers
Consumers have been splurging on smartphones, computers, cameras and household appliances to drive JB Hi-Fi's half-
Annual gains hit a record high. JB Hi-
Net profit for Fi rose nearly 110 to $.
Revenue grew by 23 to 4 million.
$6: $2.
Compared with the same period a year ago, the six months ended December 31 were 6 billion.
The group acquired the white appliance retailer "good guy" in November, and the collapse of Dick Smith, a rival consumer electronics chain, could help boost revenue.
But the retailer says consumer interest in big screen TVs, smartphones, drones, GoPro cameras, computers and small household appliances is the basis for its comparable store sales, an important measureoff events. JB Hi-
Fi's comparable sales in Australia rose by 8.
The ratio of half is 7.
Richard Murray, chief executive of the company, said people would be happy to continue buying the latest smartphones directly with all of its brands --
Apple, Google, Samsung and Oppodoing well.
Consumers are also turning to more expensive cameras, including GoPros, drones and digital SLR cameras, to capture their special moments, not just on smartphones.
"People want to share their experiences, whether it's installing adventure cameras on a surfboard, a bike or on your head," he told AAP . ".
"Then, when you're riding around or surfing, there are drones that can follow you, and on top of that, digital SLR cameras have a good stock this year.
"Customers want to take wonderful photos, manufacturers are improving the technology to connect their phones wirelessly to these devices, and they are embracing apps, in which, you can shoot on a DSLR on your phone.
For most households with multiple devices, consumer electronics and technology are a high priority and are ready to update to the latest, he said. JB Hi-
Fi sales increased by 9 in January.
Sales increased by 7 year on year. 2 per cent.
The group expects the impact of Dick Smith's death to moderate in the second half, but is confident that its strong sales momentum will continue.
It predicts that the group's total sales, including good people, will be about $5.
The annual net profit was 58 billion, with an increase of 35 between $0. 2 billion and $0. 206 billion.
The previous year was 4%.
Sales of good people acquired in November 28 increased by 0.
263 to US dollars.
During December, it was 1 million, but comparable sales fell by 0. 7 per cent.
Its comparable sales increased by 3 in January.
Total sales rose by 5 percentage points.
However, the group's total sales in New Zealand fell by 1.
Sales fell by 11 year on year.
2% in the first half. JB Hi-stock
Fi closed up 91 cents3.
2% pick up-at $29. 38 on Monday.
Huge demand for electronics has boosted revenue: * Net profit has grown by 16 pct to $110.
4 m * Revenue increased by 23 year on year. 6pct to $2.
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