BUZZ-Australia's JB Hi-Fi jumps most in more than 2 months after qtrly update beats expectations

Reuters
2024-10-31

** Shares of JB Hi-Fi jump as much as 6.1% to A$82.65, their biggest intraday pct gain since Aug 12

** Shares hit their highest level since Sept 13

** Citi says co's qtrly update is tracking ahead of 1H FY25 Visible Alpha consensus expectations

** The consumer electronics retailer posts qtrly sales growth of 4.9% for JB Hi-Fi Australia

** Also posts 19.6% qtrly sales growth for JB Hi-Fi New Zealand

** Shares up ~57% YTD as at 0000 GMT

(Reporting by Echha Jain in Bengaluru)

((Echha.jain@thomsonreuters.com))

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