JB Hi-Fi predict FY20 sales at $7.25 billion

Company News

by Rachael Jones

JB Hi-Fi (ASX:JBH) released their annual report today showing statutory NPAT of $249.8 million, that's 7.1 per cent of underlying growth.

Sales for the year stand at $7.10 billion, underlying growth of 3.5 per cent.

In FY20 the Group expects total group sales to be around $7.25 billion, comprising, $4.84 billion from JB Hi-Fi Australia, $0.24 billion NZ from JB Hi-Fi New Zealand and The Good Guys $2.18 billion.

JB Hi-Fi Limited and its subsidiaries comprise two leading retail brands, the first with a focus on technology and consumer electronics and The Good Guys with a focus on home appliances and consumer electronics.

Shares in JB Hi-Fi (ASX:JBH) are trading 0.97 per cent higher at $34.32. 

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.