Ann: Results Presentation - 2024 Half Year Results, page-38

Its been upgraded by some five different brokers

Citi Keeps Bullish Call on JB Hi-Fi After Earnings — Market Talk

Feb 13, 202409:41 GMT+11

JBH+3.57%
Citi analysts Adrian Lemme and James Wang say sales at Aussie electronics retailer JB Hi-Fi continue to defy expectations, and that momentum is likely to increase in the near future. The retailer posted a better-than-expected half-year result and said that like-for-like sales in January rose 1.7% in its main Australia business, which the Citi analysts called a "pleasing outcome" given fears in the market of a New Year's sales slump. The Citi analysts argue the retailer's earnings will bottom out this fiscal year, and that income tax cuts, solid income growth and further house price appreciation will drive a better consumer spending environment in fiscal 2025. JB Hi-Fi shares rose some 7.1% after Monday's result to A$60.58. ([email protected]; @Mike_Cherney)