Stock Track | JB Hi-Fi Soars 5.18% Intraday on Strong H1 Earnings Beat and Dividend Boost

Stock Track
Feb 16

JB Hi-Fi Ltd's stock soared 5.18% during intraday trading on Monday, following the release of its fiscal first-half financial results.

The retailer reported earnings per share of AU$2.797, beating analyst expectations of AU$2.75, with revenue reaching AU$6.09 billion compared to AU$5.67 billion a year earlier. Sales momentum continued through the second quarter, with The Good Guys business performing particularly well against tough year-ago comparisons. The company also reported robust gross margins, indicating strong supplier support.

In addition to the strong earnings, JB Hi-Fi announced an increased interim dividend of AU$2.10 per share, up from AU$1.70 a year earlier, and revealed a board decision to raise the dividend payout ratio from 65% to a range of 70-80% of net profit after tax. Analysts viewed the results positively in what they described as a tricky retail environment, noting that the outcome was good amidst weaker updates from other retailers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10