Tag: JBH

Shares in JB Hi-Fi hit an all-time high yesterday after the company revealed a solid 2018-19 result and outlook for 2019-20.

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.

JB Hi-Fi shares eased 2.9% in yesterday’s slide after the company’s 2017-18 annual meeting was told that sales growth was solid in the September quarter.

JB Hi-Fi might have done reasonably well in the year to June, lifting net profit 12% to $233 million from $207 million a year earlier, but competition, which it says intensified in the June half year looks like hitting its 2018-19 performance.

Confession Number 4 for the day came from JB Hi-Fi.

Shares in home electronics and entertainment and whitegoods retailer JB Hi-Fi took a pounding yesterday after the company fell short of market estimates on earnings, profit margins and the outlook for the rest of 2017-18.

JB Hi-Fi (JBH) shares were unchanged yesterday after the country’s leading electronics retailer revealed that it had seen a slowing in sales growth in recent months.

Investors were not head over heels enthusiastic about the full year figures from electronics retailer, JB Hi-Fi which contained the first solid contribution from The Good Guys chain which was bought last year for $870 million.

JB Hi-Fi made sure a surprise change in management for the recently acquired Good Guys operation didn’t hurt the share price.

JB Hi-Fi (JBH) benefited from the collapse of rival Dick Smith a year ago and the early impact of the Good Guys buy to post a record 23.6% jump in half year sales to $2.6 billion in the six months to the end of December.

Consumer electronics retailer JB Hi-Fi (JBH) had good news about its first quarter sales performance ahead of the completion of its Good Guys takeover at the end of next month.

So JB Hi-Fi (JBH) is buying the Good Guys to make itself as big, if not bigger (but not as profitable) as Harvey Norman (HVN). It is the biggest example of consolidation in retailing for years and has already won approval from the ACCC.

It was the best ‘non-story in Australian business for months – JB Hi-Fi’s (JBH) aspirations to buy smaller rival, The Good Guys had been whispered for months, but firmed up six weeks ago, culminating in clearance for any bid (which hadn’t emerged) from the competition regulator, the ACCC.

JB Hi-Fi (JBH) touched an all time high of $30.87 as investors became more convinced that media reports that it will buy smaller rival, The Good Guys in a deal to be revealed next week.

Brokers and analysts are a fickle lot. On Monday in the wake of the record result and higher dividend, and hints of more to come this year, brokers were enthusiastic and some even gushed for a while before the quibbling started.

JB Hi-Fi (JBH) seems to be on the verge of yet another surge in sales and earnings, judging by yesterday’s 2015-16 results. The company lifted full-year profit 11.5% to $152.2 million for the year to June.

JB Hi-Fi (JBH) shares touched an all time yesterday of $27.52 after it received the greenlight from the Australian Competition and Consumer Commission to make a move on its smaller white goods retailing rival, The Good Guys.

Here’s a billion dollar question for investors – and regulators. Should JB Hi Fi (JBH) be allowed to buy its smaller rival, The Good Guys, or will it further reduce competition already hit by the collapse of Dick Smith?

Investors were left undecided about the interim result from JB Hi-Fi (JBH) yesterday – yes the figures showed the company had not been hit by whatever storms had brought down Dick Smith, guidance for the full year was raised and interim dividend was lifted.

It’s not all bad news in retail, despite the weak performances by Dick Smith (DSH) and Woolworths (WOW), with the leading electronics retailer JB Hi-Fi (JBH) lifting topline first quarter sales by 5.3%.

JB Hi-Fi (JBH) re-established itself as a market darling yesterday with a slightly better than expected result (and a small buyback), plus a higher dividend.

JB Hi-Fi (JBH) escaped a first half interim earnings report with little scarring from investors, thanks to an accommodating lift in interim dividend.

Investors are jumpy – selling down companies that miss guidance or, even worse, downgrade their forecasts.

No applause from the market for what was on paper a solid result from JB Hi-Fi (JBH) yesterday.

Yesterday’s sharp improvement in the stockmarket turned out to be a far better day to deliver what amounted to a downgrade by one of retailing’s bellwether stocks, JB Hi-Fi (JBH).

JB Hi-Fi (JBH) shares fell 16c yesterday, to $20.64, after the electronics retailer said CEO Terry Smart would be retiring in August after 14 years with the company.

As expected, JB Hi-Fi (JBH) confirmed its warning last week of a solid profit for the six months to December 31, but a surprise from retailing, was the sharp rise in earnings and a return to paying dividends by the South African controlled Country Road (CTY).

If you Google JB Hi-Fi (JBH) you find that a year ago and then around in May of 2013, the company produced earnings updates on the upside.

Consumer electronics retailer JB Hi-Fi (JBH) provided a little lesson for all those professional gloomsters and moaners about the health of Australian retailing.

Will the Reserve Bank board cut its key interest rate at its May meeting today, or will it wait for a month before cutting the cash rate by 0.25% to 2.7%.

Like business confidence and trading conditions, consumer confidence is recovering from the mid-year lows, while the housing and jobs markets seem to be a little firmer.

Another one bites the dust, or how to spin bad news by bribing the market?

In contrast to Myer, JB Hi-Fi’s interim performance was solid, a record for sales and profits, even if it was down on what the company was telling us was happening at the time of the annual meeting in October.

Even the high performing consumer electronics retailer and discounter JB HI Fi couldn’t avoid the second half slowdown in sales growth that hit retailing from March onwards.

What a way to ruin an upbeat sales and earnings story.