JB Hi-Fi announced its Q2 sales and preliminary half year 2023 results on January 17, highlighting sales growth for Australia, New Zealand and The Good Guys for Q2 HY23 was up 5.6%, 9.8% and 3.3% respectively.

JB Hi-Fi reported total sales for Q2 HY23 was up 8.6% to $5.3 billion, driven by continued elevated customer demand for consumer electronics and home appliances, and well-executed Black Friday and Boxing Day promotional periods.

Its preliminary unaudited HY23 results reported Earnings before interest and tax (EBIT) grew 14.0% to $479.2 million, while net profit after tax grew 14.6% to $329.9 million. 

JB Hi-Fi's share price was up 4.34% for the 5 days of the week of January 16.