JB Hi-Fi
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JB Hi-Fi (JBH) investor relations material

JB Hi-Fi H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary15 Feb, 2026

Executive summary

  • Record half-year sales of $6.09 billion, up 7.3% year-over-year, with EBIT up 8.1% to $454 million and NPAT up 7.1% to $305.8 million, driven by both in-store and online growth.

  • Multi-brand, multi-channel strategy with JB Hi-Fi, The Good Guys, and E&S, each targeting distinct market segments; all major brands delivered sales and EBIT growth except E&S, which saw EBIT decline due to strategic investments.

  • Interim dividend increased 23.5% to 210 cents per share, fully franked, representing 75% of NPAT, with a record date of 27 February 2026.

  • Focus on value, customer service, operational efficiency, and continued investment in people, sustainability, and community impact.

Financial highlights

  • Group gross margin rose to 22.31% (+19 bps), with cost of doing business at 12.63%.

  • EBIT up 8.1% to $454 million; NPAT up 7.1% to $305.8 million; EPS up 7.1% to 279.7 cents per share.

  • Free cash flow was $457 million, with net cash of $489.5 million at period end.

  • Inventory increased 6.7% to $1.41 billion, in line with sales growth; inventory turnover at 6.93 times.

  • Dividend payout ratio increased to 70-80% of NPAT from FY26.

Outlook and guidance

  • January 2026 sales update: JB Hi-Fi Australia up 4%, New Zealand up 26.4%, The Good Guys up 2.7%, E&S down 4.6%.

  • Management remains cautious due to retail market uncertainty, competitive activity, and consumer spending risks.

  • Focus areas include supply chain optimization, retail execution, brand expansion, and multichannel growth.

  • Expectation of continued momentum in mobile phones, computers, small appliances, and health/fitness categories.

  • Anticipated price increases in PCs due to memory and storage costs, with strategies to maintain price points and gross margin.

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Next JB Hi-Fi earnings date

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H2 202610 Aug, 2026
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Frequently asked questions

JB Hi-Fi Limited is an Australian consumer electronics and home appliances retail company, known for its wide range of products including consumer electronics, software (such as music, games, and movies), whitegoods, and appliances. Established in 1974 by John Barbuto in East Keilor, Victoria, JB Hi-Fi has grown from a single store to become one of Australia's largest home entertainment retailers. The company operates under two main brands: JB Hi-Fi, with a focus on technology and consumer electronics, and The Good Guys, specializing in home appliances and consumer electronics. JB Hi-Fi has expanded its operations beyond Australia, including stores in New Zealand, and it prides itself on offering competitive prices and a diverse product selection. The company is headquartered in Southbank, Melbourne, Victoria, and its shares are listed on the Australian Securities Exchange (ASX) under the ticker symbol JBH.

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