JB Hi-Fi (ASX:JBH) share price on watch after bumper profit and dividend growth

The JB Hi-Fi Limited (ASX: JBH) share price will be one to watch on Monday.

This follows the release of its half year results this morning.

How did JB Hi-Fi perform in the first half?

For the six months ending 31 December 2020, JB Hi-Fi reported a 23.7% increase in total sales to $4.9 billion. This was driven by strong same stores sales growth across the business and a massive 161.7% jump in online sales to $678.8 million.

In respect to the performance of its individual businesses, JB HI-FI Australia was arguably the star of the show with a 23.3% increase in sales to $3.36 billion. This was supported by a 9.1% lift in JB HI-FI New Zealand sales to NZ$144.9 million and a 26.4% jump in The Good Guys sales to $1.45 billion.

Thanks to…