Virus Situation Lifts JB HiFi Sales as Customers Stay Home

Virus Situation Lifts JB HiFi Sales as Customers Stay Home
People shop in a JB Hi-Fi store on May 28, 2015 in Melbourne, Australia. Scott Barbour/Getty Images
|Updated:

Entertainment retailer JB HiFi has been buoyed by customers spending more on electronic equipment to shore their home offices during the COVID-19 pandemic, posting a 21 percent profit for the 2019/20 financial year.

The profit of $302 million came as sales rose 11.6 percent to $7.9 billion across the group, which includes stores in both Australia and New Zealand and the Good Guys whitegoods retailer.