0027 GMT - Electronics retailer JB Hi-Fi probably did enough in FY 2025 for the market to upgrade earnings forecasts modestly, Jefferies says. JB Hi-Fi's annual net profit of A$476.1 million--excluding an expense to settle some legal proceedings--was up 9% on FY 2025 and around 1% ahead of Jefferies' expectations. Underlying profit also beat. Analyst Michael Simotas is happy with JB Hi-Fi's trading snapshot in FY 2026 so far. "Generally sales momentum has been maintained into July, with JB Hi-Fi Australia and New Zealand both running ahead of consensus 1H run rate, while The Good Guys is slightly below," Jefferies says. JB Hi-Fi is down 2% at A$115.30.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 10, 2025 20:27 ET (00:27 GMT)
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