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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.