JB Hi-Fi

All sorts of things start going wrong when a retailer’s sales stop growing. For JB Hi-Fi, same-store sales for the Australian JB Hi-Fi branded stores went backwards by 3.1% in the first half of 2012 as price deflation and aggressive discounting intensified. As a result, gross margins, earnings before interest and tax (EBIT) margins and the cost of doing business all deteriorated. Don’t be fooled by the innocuous headline numbers. Sales rose 5% to $1.77bn, while net profit fell a comparatively restrained 9% to $80m. Earnings per share was flat at 80.7 cents, reflecting the benefit of the share...

All sorts of things start going wrong when a retailer’s sales stop growing. For JB Hi-Fi, same-store sales for the Australian JB Hi-Fi branded stores went backwards by 3.1% in the first half of 2012 as price deflation and aggressive discounting intensified. As a result, gross margins, earnings before interest and tax (EBIT) margins and the cost of doing business all deteriorated.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles