JB Hi-Fi (ASX:JBH) has announced sales growth of 6.8 per cent for the third quarter of the 2018 financial year an increase of over 2 per cent on the same time last year.
Total sales growth for the year to date was 9 per cent compared with 6.3 per cent for the prior corresponding period.
The retailer has reduced its total group net profit forecast to $230 million from a range of $235-240 million.
The company says unfavorable weather and challenging conditions in the home appliance market have impacted The Good Guys sales.
Shares in JB Hi-Fi (ASX:JBH) down 6.92 per cent to $23.80.