Business

JB Hi-Fi guidance impresses, Super Retail update, Ramsay surges

Published

5 years ago

January 18, 2021

At lunch on Monday the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. The benchmark index is currently down 0.5% to 6,681.1 points.

Here’s what is happening on the market today:

JB Hi-Fi guidance impresses.

The JB Hi-Fi Limited (ASX: JBH) share price charged to a record high this morning after providing its guidance for the first half of FY 2021. According to the release, the retail giant expects to report a 23.7% increase in sales to $4,941.2 million and an impressive 86.2% lift in net profit after tax to $317.7 million. The company advised that sales momentum was strong throughout the half, with continued elevated customer demand for consumer electronics and home appliance products.