2222 GMT - JB Hi-Fi's shares are likely to remain in favor with investors after its 1H profit beats expectations and January sales look strong, Barrenjoey says. JB Hi-Fi reported a A$285.4 million net profit and A$419.9 million Ebit in 1H. Analyst Tom Kierath says Ebit exceeded consensus forecasts of A$409 million. January like-for-like sales growth of 7.1% at JB Hi-Fi Australia stores is outpacing Barrenjoey's forecast of a 6% increase in 3Q. "Given the beat and strong January we expect the shares to continue trading well," says Barrenjoey, which had a neutral call on JB Hi-Fi ahead of the 1H result. JB Hi-Fi's shares are up some 69% over the past 12 months. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 09, 2025 17:22 ET (22:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。