SYDNEY, June 29, 2026, 08:04 AEST
- ASX cash market hit pre-open at 08:04 AEST, with standard trading from 09:59:45 to 16:00 Sydney time.
- JB Hi-Fi (JBH:ASX) finished the week at A$81.84, posting a 4.98% weekly gain. That move pushed up the company’s market value by around A$424 million, based on 109.33 million shares.
- Q3 sales came in behind FY26 year-to-date growth at every banner, with CEO Nick Wells pointing to tech costs and stock issues.
ASX cash market was still in pre-open at 0804 AEST, with normal trading set for 0959:45 to 1600 Sydney time. JB Hi-Fi Limited ASX:JBH heads into the week after shares bounced 4.98%, adding about A$424 million to its equity value. That move came even as its last trading update showed sales growth slowed in the March quarter.
The stock finished Friday at A$81.84, up 0.29% for the session, with 562,380 shares traded. Google Finance listed the market cap at A$8.95 billion and 109.33 million shares outstanding. Intelligent Investor showed the stock off 15.21% in 2026 and down 26.47% for FY26.
Retailers led some of last week’s gains, with S&P/ASX 200 consumer discretionary stocks up 3.61%. The S&P/ASX 200 Index fell 0.73% to 8,764.2. JB Hi-Fi outpaced the sector by 1.37 points and beat the full index by 5.71.
| Measure | Week to June 26 | Close/level |
|---|---|---|
| JB Hi-Fi Limited ASX:JBH | up 4.98% | A$81.84 |
| S&P/ASX 200 Consumer Discretionary | up 3.61% | — |
| S&P/ASX 200 Index | down 0.73% | 8,764.2 |
JBH gained A$3.88 a share last week, but store data did not move as much. With 109.33 million shares on the table, that’s roughly A$424 million added to the company’s equity before trading opened this week.
The key read on operations was the Q3 update out May 6. Sales were up, but growth came in slower than the FY26 pace so far across each of the four banners.
| Brand | Q3 total sales growth | FY26 YTD total sales growth | Q3 gap |
|---|---|---|---|
| JB HI-FI Australia | Sales up 4.0% | 5.7% higher | -1.7 percentage points |
| JB HI-FI New Zealand | Jumped 23.2% | Up 29.7% | -6.5 percentage points |
| The Good Guys | Rose 2.5% | Grew 3.6% | -1.1 percentage points |
| e&s | Down 1.4% | Gained 1.6% | -3.0 percentage points |
Wells said in the Q3 update that JB Hi-Fi and The Good Guys posted sales growth despite an “increasingly uncertain retail environment.” He said tech categories saw “component related cost increases and stock availability shortages” as end-of-financial-year trade picked up. Contentful
Group sales for the first half climbed 7.3% to A$6.10 billion. EBIT was up 8.1% at A$454.0 million, and NPAT improved 7.1% to A$305.8 million. The interim dividend increased 23.5% to 210 Australian cents a share. Wells described the numbers as “record sales and strong earnings.” Contentful
After the Q3 warning, margin performance is in focus for investors. JB HI-FI Australia saw EBIT margin rise 11 basis points to 8.27% in HY26. EBIT margin at The Good Guys was up 24 basis points to 6.79%. Mobile phones, games hardware and computers led half-year growth in Australia, the same tech group management called out for component cost pressure in Q3.
Retail bulls saw a lift from fresh macro numbers. Reuters said household spending was up 1.3% in May to A$80.64 billion, beating the 0.5% forecast. Jobs climbed by 40,300 and jobless rate dropped to 4.4%.
Krishna Bhimavarapu, APAC economist at State Street Investment Management, said the jobs rebound “allows the RBA to remain on an extended hold.” But he still flagged a risk for a rate hike later in the year. Reuters
Rate risk sticks around. Consumer prices in May rose 4.0%, according to the Australian Bureau of Statistics. Trimmed mean inflation picked up to 3.6%. The Reserve Bank of Australia kept its cash-rate target at 4.35% as of June 17. The next update comes Aug. 11.
