JB Hi-Fi plan to open five new stores

Company News

by Rachael Jones

Entertainment retailer JB Hi-Fi (ASX:JBH) have released their annual report for the year and show that they plan to open five new stores in Australia and two more The Good Guys stores in 2019.

One JB Hi-Fi store was closed in New Zealand back in July this year.

Total group sales are $7.1 billion, NPAT is $233.2 million with a 12.3 per cent underlying growth and EBIT saw a 14.5 per cent growth to $350.6 million from the prior corresponding period.

Shares in JB Hi-Fi (ASX:JBH) closed 0.44 per cent lower yesterday to $24.70.
 

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