Shares in electronics retailer JB Hi-Fi had a big day out yesterday, rising more than 6% to be the best-performed stock in the ASX 300 after a mostly positive trading update was presented to the company’s annual meeting.
Are the good times over for JB Hi-Fi, Australasia’s biggest electronics and whitegoods group? Investors may be starting to think so judging by the performance of the shares in the wake of yesterday’s interim profit release.
Citi analysts ask the question: Is JB Hi-Fi’s sales growth sustainable? The combination of anticipated slowing in sales growth and the incorporation of The Good Guys only results in minor increases to estimates.