Home entertainment, electronics and appliances retailer, JB Hi-Fi, has lifted first quarter sales by 5.3 per cent.
The discount retailer’s comparable sales, which omit the effects of store openings and closures, rose 3.7 per cent.
Chief executive, Richard Murray, told shareholders at JB’s annual meeting on Thursday that the company was on track to meet its annual sales forecast of $3.85 billion, up 5.5 per cent on 2014/15.
Shares in JB Hi-Fi were two cents weaker at $18.48 at 1048 AEDT.
TLC
Want more Inside Retail? Subscribe to Inside Retail Weekly now and get our premium print publication delivered to your door every week.
The discount retailer’s comparable sales, which omit the effects of store openings and closures, rose 3.7 per cent.
Chief executive, Richard Murray, told shareholders at JB’s annual meeting on Thursday that the company was on track to meet its annual sales forecast of $3.85 billion, up 5.5 per cent on 2014/15.
Shares in JB Hi-Fi were two cents weaker at $18.48 at 1048 AEDT.
TLC
Want more Inside Retail? Subscribe to Inside Retail Weekly now and get our premium print publication delivered to your door every week.
