JB Hi-Fi Q1 Sales Mixed as Australia Slips, New Zealand Surges; Shares Fall 2.9%

JB Hi-Fi Limited (JBH.AX) reported mixed first-quarter fiscal 2027 sales, with New Zealand growth offsetting declines across its other businesses. Shares fell 2.89% to AUD 68.62 on the Australian Stock Exchange, down AUD 2.04. For the July 1 to September 30 period, JB Hi-Fi Australia total sales declined 0.4% and comparable sales fell 1.4%. JB Hi-Fi New Zealand posted total sales growth of 17.3% and comparable sales growth of 10.7%. The Good Guys total sales slipped 0.1%, while e&s sales declined 3.7%. The group said trading remained variable amid heightened competition, with customers increasingly shopping during promotional events. Sales slowed in October ahead of the key Black Friday and Christmas trading periods.