Chanticleer
JB Hi-Fi’s results weren’t great. Here’s why its stock still soared
The retailer’s stunning share price surge shouldn’t distract investors from the pressure we’re seeing on profit margins as the economy slows.
Financial markets can appear to defy logic at times. The reaction to JB Hi-Fi’s 2024 profit result is a perfect case in point.
JB Hi-Fi chief executive Terry Smart runs what is almost universally regarded as one of the best retail teams in the country. But not even Smart can outrun the reality of cost-of-living pressures and dwindling household savings.
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