JB Hi-Fi: Result 2012

JB Hi-Fi is toughing out current industry turmoil. But it’s hard to see margins rising sustainably from here.

Same-store sales for the JB Hi-Fi brand in Australia were flat in the second half, an improvement on the -3.1% reported in the first half. It was a decent performance in the circumstances and again suggests Harvey Norman is losing significant market share, despite management protestations to the contrary.

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