JB Hi-Fi (ASX:JBH) Full Year 2024 Results

Key Financial Results

• Revenue: AU$9.59b (flat on FY 2023).

• Net income: AU$438.8m (down 16% from FY 2023).

• Profit margin: 4.6% (down from 5.4% in FY 2023).

• EPS: AU$4.02 (down from AU$4.80 in FY 2023).

JBH Sales Performance

• Like-for-like sales growth: 1.6% vs FY 2023.

All figures shown in the chart above are for the trailing 12 month (TTM) period

JB Hi-Fi EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%.

The primary driver behind last 12 months revenue was the JB Hi-Fi Australia (JB Aust) segment contributing a total revenue of AU$6.61b (69% of total revenue). Notably, cost of sales worth AU$7.45b amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to AU$1.04b (61% of total expenses). Explore how JBH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Australia.

Performance of the Australian Specialty Retail industry.

The company's shares are up 15% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with JB Hi-Fi.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.