JB Hi-Fi & The Good Guys

JB Hi-Fi & The Good Guys

Retailer of electronics and home entertainment.

Overview

JB Hi-Fi & The Good Guys sells home entertainment and consumer electronics across Australasia, offering a wide range of brands and products such as Hi-Fi gear, TVs, DVDs, cameras, computers, video games, CDs, and related accessories. It operates through numerous stores and online shopping, providing a large selection and in-store experiences with knowledgeable specialist staff. The company differentiates itself with a broad product range, low prices, convenient locations, and personal service rooted in its longstanding pricing philosophy. Its goal is to be one of Australasia’s largest and fastest-growing home-entertainment retailers while keeping prices affordable and ensuring strong customer service.

About JB Hi-Fi & The Good Guys

Simplify's Rating
Why JB Hi-Fi & The Good Guys is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Goods

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Gladstone, Australia

Founded

1974

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Simplify's Take

What believers are saying

  • FY26 sales rose 4.8%, NPAT 6.0%, and dividends jumped 22.5%.
  • New Zealand sales surged 26%; comparable sales climbed 15.3% as margins improved.
  • AI-enabled PCs, gaming, and online sales drove growth; online reached $1.28 billion.

What critics are saying

  • July 2026 Australia sales turned negative: JB Hi-Fi minus 0.5%, Good Guys minus 1.7%.
  • e&s posted minus $0.4 million EBIT and 3.2% comparable decline, wasting capital.
  • Extended-warranty class action and AI shopping tools threaten margins, then commoditize electronics by 2027.

What makes JB Hi-Fi & The Good Guys unique

  • JB Hi-Fi's cost-led model keeps prices sharp while 17,000 staff drive service culture.
  • FY26 revenue hit $11.06 billion; Australia, New Zealand, and The Good Guys diversify exposure.
  • Retail media screens rise from 140 to 250, monetizing traffic competitors lack.

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Benefits

Flexible Work Hours

Stock Price

Company News

ChannelNews
Sep 4th, 2026
Belkin doubles down on budget audio with three new SoundForm lines at IFA 2026.

Belkin doubles down on budget audio with three new SoundForm lines at IFA 2026. David Richards | 04 Sep 2026 Belkin has unveiled three new audio families at IFA 2026, deepening its push into the fiercely competitive sub-$100 headphone market, with one range already carrying confirmed Australian and New Zealand pricing. The accessory maker introduced the SoundForm Isolate Buds, SoundForm Dot, and SoundForm Play ANC during its annual showcase. All three models are set to roll out globally via belkin.com and select retailers beginning this month. SoundForm Dot Gets ANZ Pricing The SoundForm Dot series has been priced for the Australian and New Zealand markets, with the ANC version retailing at A$54.95 and the standard model at A$49.95. The active noise-cancelling variant boasts up to 30 hours of total battery life, Bluetooth multipoint connectivity, Clear Call voice processing, and an IPX5 water- and sweat-resistant rating. Belkin has yet to confirm which local retailers will stock the range. Internationally, the standard Dot is priced at US$35, with the ANC version commanding a modest premium. Isolate Buds and Kids' Audio Play The higher-tier SoundForm Isolate Buds offer up to 45dB of active noise cancellation, 32 hours of battery life, multipoint connectivity, and app-adjustable EQ via the SoundForm app. The earbuds ship with multiple ear tip and wing tip sizes and carry an IPX5 rating. International pricing is set at US$60, £40, and €50, though ANZ pricing remains unconfirmed. Belkin is also expanding its children's audio portfolio with the SoundForm Play ANC, an over-ear model featuring up to 45 hours of battery life with ANC enabled - 62 hours without - an optional 85dB volume limiter, foldable design, 3.5mm wired playback, and a built-in microphone for calls. It is priced at US$50, £40, and €45. The naming strategy may raise eyebrows in retail channels. Belkin already markets an over-ear SoundForm Isolate with ANC in Australia at A$89.95. The introduction of in-ear Isolate Buds creates potential for shelf and search confusion in a category where consumers often struggle to distinguish between product variants. JB Hi-Fi Angle and Retail Pressure The retail play is credible, as JB Hi-Fi already carries Belkin's SoundForm audio range, including the A$49.95 Bolt 2 earbuds and the ClearFit open-ear models. However, this launch signals a notable shift: Belkin is moving aggressively beyond its traditional charging and connectivity stronghold into sub-A$100 audio territory - a space where JB Hi-Fi competes heavily with JBL, Sony, and Skullcandy. The kids' ANC model also lands in a category JB Hi-Fi actively promotes during back-to-school and Christmas campaigns. With ANC now entering price points once reserved for basic true wireless earbuds - around A$50 - margins for both brands and retailers face increasing pressure at the entry level. Third Consecutive IFA Audio Expansion The launch marks Belkin's third straight IFA audio push. At IFA 2024, the company introduced its first over-ear ANC headphone, the SoundForm Isolate, which debuted in Australia at A$89.95. At IFA 2025, it announced four earbud models - all priced at US$34.99 - including the Rhythm ANC and a USB-C wired ANC variant. This year's audio announcements sit within a broader IFA 2026 product slate from the Foxconn-owned accessory brand. That lineup includes the UltraCharge Pro power banks, built on its new BoostSolid Cell semi-solid state battery technology, confirmed for Australia from January 2027 at A$119.95 for the 5K magnetic model, alongside the new SureFind tracker range.

Rask Media
Sep 1st, 2026
A quick way to value the JBH share price.

A quick way to value the JBH share price. Want to value the JB Hi-Fi Ltd (ASX:JBH) share price? Here are 6 key metrics you need to consider. The JB Hi-Fi Ltd (ASX:JBH) share price is down -30.84% since January 1st this year. Let's take a look at why you might want JBH shares on your watchlist. JBH share price in focus. Established in 1974, JB Hi-Fi is one of Australia's largest retailers of electronic and home entertainment products. The company is broadly split into three business segments, namely JB Hi-Fi Australia, JB Hi-Fi New Zealand and The Good Guys, which sells a similar range of products and was acquired in 2016. JB Hi-Fi operates through a cost-leadership strategy meaning it competes on price against its competitors. Many of its products are often discounted resulting in much better perceived value for its customers. The key metrics. If you've ever tried to read a company's income statement on the annual report, you'll know it can get pretty complex. While there are any number of figures you could pull from this statement, three key ones are revenue, gross margin, and profit. Revenue is important for obvious reasons - everything starts here. If you can't generate revenue, you can't generate profit. What Rask Media is concerned about is not so much the absolute number, but the trend. JBH last reported an annual revenue of $9,592m with a compound annual growth rate (CAGR) over the last 3 years of 2.5% per year. Moving down the income statement, Rask Media then get to gross margin. The gross margin tells Rask Media how profitable the core products/services are - before you take into account all the overhead costs, how much money does the company make from selling $100 worth of goods or services? JBH's latest reported gross margin was 22.3%. Finally, Rask Media get to profit, arguably the most important figure. Last financial year JB Hi-Fi Ltd reported a profit of $439m. That compares to 3 years ago when they made a profit of $506m, representing a CAGR of -4.6%. Financial health of JBH shares. The next thing Rask Media need to consider is the capital 'health' of the company. What Rask Media is trying to assess here is whether they're generating a reasonable return on their equity (the total shareholder value) and have a decent safety buffer. One measure Rask Media can look at is net debt. This is simply the total debt minus the company's cash holdings. In the case of JBH, the current net debt sits at $340m. A high number here means that a company has a lot of debt which potentially means higher interest payments, greater instability, and higher sensitivity to interest rates. A negative value on the other hand indicates the company has more cash than debt (a useful safety buffer). However, arguably more important is the debt/equity percentage. This tells Rask Media how much debt the company has relative to shareholder ownership. In other words, how leveraged is the company? JBH has a debt/equity ratio of 42.2%, which means they have more equity than debt. Finally, Rask Media can look at the return on equity (ROE). The ROE tells Rask Media how much profit a company is generating as a percentage of its total equity - high numbers indicate the company is allocating capital well and generating value, while a low number suggests the profits might offer more value if they were paid to shareholders as a dividend. JBH generated an ROE of 29.5% in FY24. What to make of JBH shares? While the JBH ROE is reasonably good, the revenue and profit trends have been uninspiring. It would be worth digging into the annual reports a bit deeper to understand why that's the case and if there's a plan in place to address it. Please keep in mind that these figures are important but should only be the beginning of your research. It's important to get a good grasp of the company's financials and compare it to its peers. It's also very important to make sure the company is priced fairly. To learn more about share price valuation, you can sign up for one of its many free online investing courses. How rich are you? Over 5,694 Australian investors have already used the Rask Wealth Checker to know exactly where they stand. Analyse your Superannuation, property, shares or ETFs, crypto, your income - and more! - in seconds with its free wealth tool that has now checked assets totalling $16,790,107,141! It takes just 30 seconds and Rask Media'll turn your finances into great visualisations to help you summarise how your net wealth or income breaks down. You can instantly access its free wealth tool by clicking here now. No gimmicks. No credit cards. No payment. Rask Media'll analyse your net worth and email you the wealth summary. Rask Invest research team. The Rask Invest research team produces daily ASX news and research on ASX-listed companies and funds. Join the conversation inside the free investor community. Click here to have your say. Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don't know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read its Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #563 907. A $50,000 per year passive income special report Join more 50,000 Australian investors who read its weekly investing newsletter and Rask Media'll send you its passive income investing report right now.

Office Products News
Aug 25th, 2026
Officeworks online outshines instore.

Officeworks online outshines instore. Survey reveals the hits and misses in customer service. Officeworks has been revealed as one of the two best retailers to improve their online customer experience, according to Inside Retailing's 2026 Online CX Report. The report benchmarks 94 leading Australian retailers across nine categories, drawing on thousands of real mystery shopping experiences. Officeworks was ranked fourth on overall performance in the electronics category, behind JB Hi-Fi, Appliances Online and Bing Lee and ahead of Harvey Norman, The Good Guys and Kogan, the latter showing the most improvement in online performance over the past year. Officeworks' online performance ranking contrasts with the results of a recent CHOICE survey in which the retailer was ranked second-lowest after Bunnings on value for money while its customers were the most likely to have to wait a long time for service in-store. Returns and refunds a problem In 2026, the CX Repor t data shows the biggest customer service gap is happening after purchase, particularly across returns, refunds and resolution. The benchmark shows the strongest performers are consistent on three key fundamentals: functionality (does it work as promised), clarity (is key information easy to find and consistent), and expectation management (are updates timely and reduce uncertainty after purchase). A "difficult returns process" is now the number one reason shoppers don't come back, up 69 per cent year-on-year. Refund times range from seconds to 92 days and return authorisation wait times have more than doubled in 2026. Officeworks online with Snapchat Officeworks is the first retailer worldwide to activate Snapchat's advertising formats through Zitcha, an Australian-founded retail media platform. Snapchat is a visual messaging app that reaches more than 90 per cent of 16- to 24-year-olds in Australia and boasts over eight million monthly users. The integration allows brands to utilise Snapchat's advertising formats, including Sponsored Snaps, Snap Ads, and Dynamic Product Ads, directly within the Zitcha platform. Officeworks has already launched a campaign for Microsoft using Snapchat offsite advertising through Zitcha, aiming to drive demand both online and in-store. Zitcha's integration seeks to link media investment with retail outcomes, measuring campaigns against product movement at the retailer. Andy Mossop, chief customer officer at Officeworks said: "As one of the first retailers globally to activate Snapchat through Zitcha, we're helping shape the future of retail media by connecting brands with audiences in more relevant and engaging ways. Just as importantly, we're committed to delivering meaningful, measurable results for our suppliers." Date Published: 25 August 2026

Appliance Retailer
Aug 18th, 2026
The 20 things we learned from the JB Hi-Fi FY26 results.

The 20 things Appliance Retailer learned from the JB Hi-Fi FY26 results. Here are 20 things Appliance Retailer learned from the FY26 results delivered yesterday by Group CEO, Nick Wells. * Record turnover: Group sales exceeded $11 billion for the first time - an increase of 4.6 per cent on the previous year that Wells described as a solid result "in an uncertain retail environment". EBIT, NPAT, EPS and the dividend paid were all higher than this time last year. * Value-driven customers: The electrical retailing industry is currently facing "a retail environment where customers are seeking value" and "a unique period for the technology categories with significant supplier price rises and availability challenges". * Price rises in tech: "Price rises and availability are impacting quite broadly and it does vary on the supplier, but we have seen material price rises and post those price rises we have seen changes to the frequency and depth of the promotional activity and that is also having an impact." * Jelly July: In Australia the three businesses had a tough July 2026 (compared to a year earlier). JB Hi-Fi was down 0.5% (comparable down 1.4%), The Good Guys was down 1.7% and e&s was down 2.7% (comparable down 4.0%). * Soft July and impact from promotional periods: "[July] is one month, it is a small month and it is not a promotional period," Wells said. "What we can see is the promotional periods are becoming increasingly important when customers are looking for value and so a period like end of financial year in June and Black Friday have become important and maybe it sucks a little bit out of the non-promotional periods like July." * Terry Smart returns: A company announcement issued to the ASX has confirmed former CEO Terry Smart will join the board on 5 October replacing another former CEO Richard Uechtritz who will retire from the board on 29 October after 15 years on the board and 10 years as CEO. * Responsible sustainability: After six consecutive years creating an annual Sustainability Report, JB Hi-Fi has now created its first Responsible Business Report. The company says its climate related disclosures are now contained in a Sustainability Report within their Annual Report. * Electronic shelf labels: JB Hi-Fi will introduce electronic shelf labels in 100 stores to allow staff to invest in customer facing roles * New stores: There will be four new JB Hi-Fi stores in FY27 and one store relocation as the brand continues to focus on regional locations. There will be one new store for The Good Guys store in FY27 (opening this week in Aura in Queensland) as well as five relocations and two extensions to right-size previously undersized stores and grow available selling space. The next e&s store will be the new-build Mornington store in Victoria currently under construction. New store locations for e&s are currently being identified. * Pro-Forma sales: Sales revenue at e&s has been impacted by the migration of wholesale sales to agency sales (such as Fisher & Paykel) that for external reporting purposes are recognised as a commission only. Total sales on a gross basis were up on the prior year. * Gross Margin: The company will continue to aim for gross margin around 22 per cent. * Online Sales: JB Hi-Fi now makes $1.28 billion from online sales or 17.2 per cent of total sales. Online sales in New Zealand are identical - representing 17.3 per cent of overall sales, after growing by 37.6 per cent over the last 12 months. The Good Guys generated $481 million in online sales or 16.4 per cent of total sales. * Good Guys, Good Result: Sales increased by 2.7 per cent to $2.94 billion taking share in the category despite a challenging market. Innovation in portable appliances delivered growth. Coffee and robotic vacs continue to perform. Cooking growth was driven by built-in cooking and rangehoods. Refrigeration growth was driven by consumers shifting into larger capacity models and audio also performed well driven by headphones. * JB Hi-Fi best sellers: Total sales within JB Hi-Fi grew by 4.4 per cent to $7.42 billion with growth in computers from AI-enabled PCs and gaming PCs. Mobile phone growth both in units and in ASPs. Within fitness, wearables continue to perform strongly as well as the expanded health and well-being categories. In small appliances, the momentum remains strong with lots of innovation led by coffee, robotic vacuums and kitchen appliances. * Renovating e&s: The last 12 months have been spent renovating the renovation specialists in terms of investing in people, website development and the market should expect green shoots over the year(s) ahead. Sales for the last 12 months were $273 million down 0.2 per cent with the new Hobart store included and down 3.2 per cent based on comparable store turnover a year earlier. EBIT was minus $400,000. Despite this result, could e&s potentially become a $1 billion business? * Retail Media: The company plans to expand its retail media network from 140 screens to 250 screens over the next 12 months to leverage significant online and in-store traffic to create unique multi-channel advertising experience for its partners. * AI: in addition to growing online, phone and chat sales channels to service customers, Wells confirmed investment in technology such as AI and Agentic Commerce using natural-language product search and agent-based shopping experiences. * NZ: Record sales in New Zealand with comparable sales up 15.3 per cent and 26 per cent once new stores are included "as the business continues to resonate with customers and expands its reach". The key growth areas were mobile phones, computers, audio, small appliances and games hardware. * A lot of staff: JB Hi-Fi employs 17,000 people across all businesses. By comparison Harvey Norman employs around 6,500 people locally and this grows to 12,000 people once the international businesses are included. * New e&s general manager: Speaking of staff, Alex Lass has been quietly appointed as GM retail operations at e&s - he was previously JB Hi-Fi general manager of training and development.

Appliance Retailer
Aug 18th, 2026
JB Hi-Fi appoints Alex Lass as e&s GM retail operations.

JB Hi-Fi appoints Alex Lass as e&s GM retail operations. Former JB Hi-Fi training manager Alex Lass has been promoted to the position of GM - retail operations at e&s. Lass has worked at JB Hi-Fi since 2009 that has included four years as a store manager, two years as regional manager - merchandise and seven years as area manager. Most recently Lass was the general manager of training and people development. JB Hi-Fi Group CEO Nick Wells told Appliance Retailer he was very pleased to appoint Lass to the role and he will report to Ben Normoyle who was appointed in May this year. All general managers within the e&s business report into Normoyle and Rob Sinclair remains as e&s CEO. During the JB Hi-Fi FY26 full year results presentation, Wells said the e&s business is continuing to invest in strategic initiatives to set it up for further growth in the years to come. "We are investing in e&s for future growth and we are really excited about the opportunity we have to grow e&s. It is a business that gives us access to expanded product categories and different customers such as developers and large commercial builders that we don't cater for in JB and The Good Guys. We have made some key management appointments who bring significant industry experience." Wells also confirmed the business will migrate the e&s website to Shopify in early 2027 to align with the rest of the business and to improve the online customer experience.

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