JB Hi-Fi (ASX:JBH) has announced a positive Q3 FY23 sales update, with sales remaining well above pre-Covid FY19 levels.

While growth has moderated from the first half of FY23, the company's value-based offerings have continued to resonate with customers and increase market share.

Sales growth was reported for JB HI-FI Australia (0.8%), JB HI-FI New Zealand (10.8% in NZD), and The Good Guys (3.8%).

Its share price hit $44.91 at 10:05am AEST.