Australia's JB Hi-Fi falls on weak quarterly sales growth

JB Hi-Fi

07/05/2025 02:03

** Shares of JB Hi-Fi JBH.AX fall 5.3% to A$98.1, their lowest since April 22

** The consumer electronics retailer posts January to March comparable sales growth of 6% for its Australia business, down from the 7.1% it had recorded for the month of January 2025

** Reports fall in comparable sales growth for other segments as well

** Stock posts biggest intraday percentage drop since April 7

** Stock up nearly 5% YTD, including moves in current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))