JB Hi-Fi Australia Same-Store Sales Miss Expectations by 40 Basis Points
RBC Capital Markets says JB Hi-Fi's main Australian division missed first-quarter same-store sales expectations by 40 basis points. The division accounts for about 75% of group EBIT.
JB Hi-Fi's main division in Australia missed expectations for 1Q same-store sales by 40 basis points, RBC Capital Markets says. That's significant because JB Hi-Fi Australia accounts for some 75% of group Ebit. Still, analyst Michael Toner suggests several factors could cushion the stock impact. Th…