Australia's JB Hi‑Fi slides as CEO warns of cost pressures, supply constraints

JB Hi-Fi

06/05/2026 01:59

** Electronics retailer JB Hi‑Fi JBH.AX slides as much as 3.9% to A$74.8, marking its steepest intraday drop in a month and the lowest level since April 16

** Stock ranks among the worst performers on the consumer discretionary index .AXDJ and the ASX200 .AXJO, with the subindex down 0.3% even as the broader market edges up 0.8%

** CEO cautions that heading into the end of FY, technology categories are facing rising component costs, stock shortages, and intensifying competition

** Meanwhile, the company posts third-quarter comparable sales up 2.6% in Australia, while New Zealand delivered a 15.2% gain

** YTD, JBH tumbles 21.6%, lagging the AXDJ’s 15.2% fall and the ASX200’s 0.4% gain

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))