JB Hi-Fi's results for the latest quarter (Q3) were well received last week, with overall Q3 sales +8.6% and comps +5.2%.
These figures were on largely on a par with those released for the year to end of March (+8.0% and +5.2% respectively).
The New Zealand operation fared better than the Aussie arm, although the NZ Q3 growth numbers were down on the first half:
H1 Q3 FY2016 YTD
NZ Total sales +12.7% +10.5% +12.0%
NZ Comps +5.2% +4.7% +5.1%
Au Total sales +7.5% +8.8% +7.9%
Au Comps +5.2% +5.4% +5.3%
Other news included the ongoing roll out of major appliances in JB Hi-Fi Home stores and the inclusion of small appliances in as many stores as appropriate.
Online sales accounted for just 3% of total sales in the year to date.
This may be another improvement on the 2.4% reported for last year, but it's still lagging behind other retail sectors, if not JB Hi-Fi's peers.
Finishing off with a guidance of AU$3.9 billion for FY2016, the market liked what it saw, judging by the rise in share price (see the ASX listing here).