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BUZZ-Australia's JB Hi-Fi to lose market share to Harvey Norman, says Jarden

Reuters
May 21, 2025
BUZZ-Australia's JB Hi-Fi to lose market share to Harvey Norman, says Jarden

** Analysts at Jarden expect the relative out-performance by Australian electronics retailer JB Hi-Fi JBH.AX to ease through FY26

** Brokerage does not see JBH's share gains as sustainable and expect it to moderate from 2H25 to FY27

** Sees JBH losing market share to lead to over 15% sales benefit for rival Harvey Norman HVN.AX into 2H25 and beyond

** Jarden sees growing upside risk to top line forecasts for Harvey Norman, reflecting recent trends and greater market skew towards IT and housing-related categories

** We expect JBH share gains to moderate and HVN to tick up - Brokerage

** Jarden retain a preference for HVN, owing to lower expectations, housing exposure and more recent sales trends

** JBH shares currently up 3% while HVN is trading about 1% higher

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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