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JBHIFI ( JBH ) Buy Buy Buy

JB Hi-Fi. Consumer electronics retailer JB Hi-Fi has been one of the better performers during the slump in the equity markets and with the company continuing to build market share and snare customers from its rivals, stock pickers continue to see further upside for investors.


The retailer has upgraded its 2008-09 profit guidance by 41% to $92 million, up from the previous guidance of $87 million. One stock picker says the company is better-placed than many of its peers if retail conditions weaken as the federal government’s stimulus cheques begin to peter out and unemployment rises.

Jb hi fi

JBH -About

JB Hi-Fi Limited engages in the retail of home consumer products in Australia and New Zealand. It offers consumer electronics, including televisions, high fidelity, DVD players, home theatres, digital still, video cameras, mobile phones, and accessories; electrical goods comprising whitegoods, computing equipment, kitchen equipment, air conditioners, and small electrical appliances; car sound systems, such as audio and visual products; and music, games, and movies. As of June 30, 2008, the company operated 93 stores in Australia and 12 stores in New Zealand. JB Hi-Fi was founded in 1974 and is based in Brighton, Australia.

There is no question that the stimulus payments have helped the company improve its margins. One stock picker says that despite the considerable run up in price, the stock remains an attractive alternative to its traditional rivals like Harvey Norman.
Management has reiterated that although the business is not recession-proof, it is currently the best-positioned retailer listed on the ASX.


Current news on JB HI FI

Key developments for JB Hi-Fi Ltd. (JBH)

JB Hi-Fi Ltd. Expects to Open 160 JB Hi-Fi Branded Stores


JB Hi-Fi Ltd. announced that it now expects to open 160 JB Hi-Fi branded stores of a similar size (sales and earnings) to the current average store. Previously, the company expected to open 150 stores. The company also expect to open a further 50 stores in smaller catchment areas which will primarily be in smaller mall and strip metropolitan shopping centres and country towns across Australia and New Zealand.

JB Hi-Fi Ltd. Revised Earnings Guidance for the Year Ended June 30, 2009; Reports Comparable Sales Results for the 11 Months Ended May 31, 2009


JB Hi-Fi Ltd. revised earnings guidance for the year ended June 30, 2009. After continued strong sales, solid margins and cost control in the second half of fiscal 2009 the company expects its profit for the year ending June 30, 2009 to be circa $92 million, a 41% increase on the prior year NPAT of $65.1 million. Previous guidance was comfortable with average analysts expectations of $87.1 million. Sales are forecast to be circa $2.3 billion or a 26% increase on the prior year. Comparable store sales growth for the 11 months ended May 31, 2009 was 10.6%.

JB Hi-Fi Ltd. expected to Report Fiscal Year 2009 Results on August 17, 2009. This event was calculated by Capital IQ (Created on April 21, 2009).


JB Hi-Fi Ltd. expected to Report Fiscal Year 2009 Results on August 17, 2009. This event was calculated by Capital IQ (Created on April 21, 2009).


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