Australia's JB Hi-Fi slumps as Australian sales edge lower in FY27 start
17/08/2026 01:34
Australia's JB Hi-Fi slumps as Australian sales edge lower in FY27 start Aug 17 (Reuters) - Australian electronics retailer JB Hi-Fi JBH.AX said on Monday total sales at its Australian business fell 0.5% in the first month of fiscal 2027, sending its shares down to their lowest point in more than two months.
Shares of the firm fell as much as 13.8% to A$70.40 by 0026 GMT, on track for their worst day since March 2020, if current trends hold.
(Reporting by Shivangi Lahiri in Bengaluru;)
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