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JB Hi-Fi 1Q sales up more than 12%

AAP logoAAP 26/10/2016 Lilly Vitorovich

Retailer JB Hi-Fi's first-quarter results have met expectations with total sales up 12.4 per cent and comparable sales up 8.3 per cent.

The consumer electronics and home appliances retailer - which is in the process of taking over rival The Good Guys - also reaffirmed its total sales guidance of around $4.25 billion for 2016/2017.

Chief executive Richard Murray will tell its annual shareholder meeting later on Thursday that it hopes to complete The Good Guys deal on November 27, subject to certain conditions being met.

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