JB Hi-Fi (ASX:JBH) has reported record sales and earnings for the 6 months ending December 31st 2022 (HY23).

Total sales were up 8.6% to $5.3B and Earnings Per Share (EPS) was up 20.4% to 301.8 cps.

Net Profit After Tax (NPAT) was up 14.6% to $330M and the Interim Dividend per share was up 20.9% to 197.0 cps.

Sales growth was driven by continued elevated customer demand for consumer electronics and home appliances, along with well-executed Black Friday and Boxing Day promotional periods.

January 2023 sales growth was overall positive, with JB HI-FI Australia's total sales growth at 2.5%, JB HI-FI New Zealand's total sales growth at 20.0%, and The Good Guys' total sales growth at 0.0%.