JB Hi-Fi Limited
(ASX:JBH) has posted third quarter sales growth and confirmed it remains on track to reach its annual sales and profit guidance.
The electronics retailer increased total Australian and New Zealand sales by 8.7 per cent in the March quarter, taking sales 3.4 per cent higher over the first nine month of the financial year.
Over the full year JB Hi-Fi expects to deliver total sales of about $3.6 billion and a net profit between $127 million to $131 million.
The company says it has the lowest cost of doing business of the major listed retailers in Australia and is well placed to compete and invest in growth.
JB Hi-Fi reported a net profit of $88.53 million in the first half of the 2015 financial year.
