BUZZ-Australia's JB Hi-Fi falls on weak quarterly sales growth
Reuters
May 07
BUZZ-Australia's JB Hi-Fi falls on weak quarterly sales growth
** Shares of JB Hi-Fi JBH.AXfall 5.3% to A$98.1, their lowest since April 22
** The consumer electronics retailer posts January to March comparable sales growth of 6% for its Australia business, down from the 7.1% it had recorded for the month of January 2025
** Reports fall in comparable sales growth for other segments as well
** Stock posts biggest intraday percentage drop since April 7
** Stock up nearly 5% YTD, including moves in current session
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((JasmeenAraIslam.Shaikh@thomsonreuters.com;))
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