Australia's JB Hi-Fi drops on weaker domestic sales at start of FY27

JB Hi-Fi

17/08/2026 02:15

** Shares of JB Hi-Fi JBH.AX down 13.4% at A$70.40, set for their weakest session since late 2020, if trends hold
** The electronics retailer says total sales at its Australian business fell 0.5% in the first month of fiscal 2027
** About 1.1 million shares change hands, 2.6x the 30-day average 
** Stock down 25.1% this year, including the day's move

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))