JB Hi-Fi beats odds with big-ticket retail growth

(Image: NZME)

Mon, 10 Feb 2025

JB Hi-Fi has reported strong growth in big-ticket item sales in the first half of the financial year, bucking the trend seen across the retail industry in New Zealand.The brand’s NZ division reported total revenue growth of 20% to $202.5 million, up from $168.7m in the first half of 2024. It reported the largest regional growth of JB Hi-Fi’s whole group.Gross profit for the half also grew substantially, up 22.4% compared to HY24 to $34.5m, with the division’s gross margin up 33 basis points (bps) to 17%.JB Hi-Fi NZ’s ear...

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