The JB Hi-Fi Ltd (ASX: JBH) share price is under the spotlight after the ASX retail share announced its FY26 third-quarter sales update.
JB Hi-Fi is one of Australia’s leading retailers, being a leader in consumer electronic and appliances retailing. It operates four businesses – JB Hi-Fi Australia, JB Hi-Fi New Zealand, The Good Guys and E&S.
FY26 third-quarter sales update
The company told the market how it performed for the three months to 31 March 2026.
In the 2026 financial year third-quarter, JB Hi-Fi Australia total sales increased 4%, with comparable sales growth of 2.6%.
JB Hi-Fi New Zealand total sales grew 23.2%, with comparable sales growth of 15.2% for the quarter.
The Good Guys reported that total sales were up 2.5% and comparable sales also increased by 2.5% over the third quarter.
E&S suffered a 1.4% overall sales decline in the FY26 third-quarter, amid a 4.8% decline of E&S.
Sales are slowing
While those above numbers clearly show pleasing positive sales growth, they represent a reduction of sales growth for each of its businesses compared to sales growth in the first half of FY26.
Including the sales for three months to March 2026, the FY26 sales for the nine months to March 2026 shows 5.7% sales growth for JB Hi-Fi Australia, 29.7% sales growth for JB Hi-Fi New Zealand, 3.6% sales growth for The Good Guys and 1.6% sales growth for E&S.
Management comments
The JB Hi-Fi CEO Nick Wells said:
We are pleased to see sales growth in JB Hi-Fi and The Good Guys in what is an increasingly uncertain retail environment.
As we enter the important end of financial year trading period, in the technology categories we are seeing significant supplier component related cost increases and stock availability shortages, along with heightened competitive activity.
As always, we will remain focused on what we can control and seek to maximise demand through driving great value for our customers, leveraging our strong supplier relationships, and delivering exceptional customer service.
Final thoughts on the JB Hi-Fi share price
The company is a very effective retailer, though I’m not sure how much it will be able to grow sales in the near-term. An electronics retailer can’t ignore the current retail environment.
Since October 2025, it has fallen by around 30%, making it much better value, in my opinion. Plus, the potential dividend yield has been boosted.
I think the JB Hi-Fi share price is attractive for the long-term, though there could be some volatility in the next year or two. It’s one of the ASX dividend shares I’d keep an eye on.
