JB Hi-Fi's NZ sales nudge higher as turnaround continues

Mon, 12 Aug 2019

By Paul McBeth Aug. 12 (BusinessDesk) - JB Hi-Fi's New Zealand sales nudged higher as the Australian discount consumer electronics retailer continued its turnaround plan for an underperforming Kiwi business. The retailer's New Zealand sales increased 2 percent to $236.2 million in the year ended June 30, in line with the $240 million guidance it offered in February when it raised its forecast by $20 million. The Australian parent retained a conservative forecast for the coming year, predicting flat sales. JB H-Fi closed an unprofitabl...

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