JB Hi-Fi: Result 2015

JB Hi-Fi is an impressive retailer and a strong second half result sent the stock soaring. But the company's future will look very different from its past.

On the surface, JB Hi-Fi looks appealing. Listening in to the 2015 final result conference call, it’s clear management knows consumer electronics retailing back to front. ‘Retail is detail’ as they say and one gets the feeling chief executive Richard Murray could – if he so chose – quote you the company’s gross margin on the sale of an iPad mini to two decimal places (hint: it’s not much).

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