How Much Money Does JB Hi-Fi Make A Year?

What is the net worth of JB Hi-Fi?

In the financial year 2021, JB Hi-Fi limited stores in Australia had total assets worth 3.26 billion Australian dollars.

Is JB Hi-Fi successful?

Tech retailer JB Hi-Fi has been a surprise winner during the pandemic, with online sales tripling during the pandemic. JB Hi-Fi's e-commerce store has been a hit with Australians forced to stay indoors during lockdown, adding to the success of the company's brick and mortar stores.

What company owns JB Hi-Fi?

The JB Hi-Fi Group, operating under its listed holding company, JB Hi-Fi Limited, brings together two of Australia's best known and most trusted retail brands, JB Hi-Fi and The Good Guys.

Related Question How much money does JB Hi-Fi make a year?

What makes JB Hi-Fi successful?

Net profit rose 6.5 per cent to $170.6 million as strong sales of phones, audio equipment and computers – particularly over Black Friday – offset a sharp drop in demand for music, movies and games software. Tweaking its range to keep up with changing technology has been a cornerstone of JB Hi-Fi's resilience.

Is JB Hi-Fi growing?

JB Hi-Fi delivered its eighth consecutive year of record profit growth in 2021. Net profit is forecast to fall to between $388 million and $410 million, after soaring 67.4 per cent to $506.1 million in the 12 months ending June 2021, while sales are expected to dip about 5 per cent.

What company is the biggest competitor to JB?

JB Hi-Fi's top competitors include Samsung Electronics, diHouse, Jiangsu Nordisk New Material and Baumatic. JB Hi-Fi is an electronic product retailing company. Samsung Electronics (삼성전자) is a company engaged in the manufacture and distribution of electronic products.

Did JB Hi-Fi get JobKeeper?

Under Murray's lead, JB Hi-Fi did not take any of the JobKeeper subsidies. Despite Harvey Norman's profits doubling during the pandemic, Gerry Harvey has ignored political pressure to pay back the $22 million his company received from the JobKeeper program.

What is Richard Murray salary?

What is the salary of Richard Murray? As the Group Chief Executive Officer and Executive Director of JB Hi-Fi, the total compensation of Richard Murray at JB Hi-Fi is AUD$3,895,590.

How many employees does JB Hi-Fi have?

JB Hi-Fi Limited is a locally owned public company, deriving revenue from the retail sale of home entertainment and consumer electronic products. The company employs approximately 12,900 people, operates in Australia and New Zealand, and is administered from its head office in Southbank, Victoria.

How much did The Good Guys sell for?

In September 2016 JB Hi-Fi bought The Good Guys for $870 million.

Who owns Harvey Norman?

Gerry Harvey is an entrepreneur, one of Australia's best-known retailers, a family man, breeder of race horses and Chairman of Harvey Norman Holdings Limited, the owner of the iconic retail brand names: Harvey Norman®, Domayne® and Joyce Mayne®.

Who is the CEO of The Good Guys?

The Good Guys

Where is JB HIFI head office?

JB Hi-Fi

Why are JB Hi Fi shares falling?

Why are its shares falling? The weakness in the JB Hi-Fi share price is likely to have been driven by its trading update for the first six weeks of FY 2022. The release reveals that, compared to the same period last year, total sales are down 14.6% for JB Hi-Fi Australia and 8.1% for The Good Guys.

Where was JB Hi-Fi first store?

JB Hi-Fi

What is Hi-Fi stand for?

High fidelity (often shortened to Hi-Fi or HiFi) is the high-quality reproduction of sound. It is important to audiophiles and home audio enthusiasts.

Is JB Hi-Fi Franchise?

Unlike Harvey Norman, JB Hi-Fi doesn't have a franchise model,” he said. “That means for a Harvey Norman franchisee, they are not only paying for the cost of goods to sell they are also paying marketing levies and franchise fees and that limits their ability to remain competitive.”

When did JB Hifi go public?

In October 2003, JB Hi-Fi was floated on the Australian Stock Exchange. Now, maintaining Barbuto's original philosophy, JB is one of Australasia's fastest growing and largest retailer of home entertainment.

When was Jbhifi founded?

JB Hi-Fi

Has Harvey Norman paid back JobKeeper?

Harvey Norman has bowed to public pressure and repaid $6 million in JobKeeper subsidies after making record profits for the 2020-21 financial year. The ASX-listed company quietly revealed the decision in an update to investors on Tuesday morning, declaring $6.02 million in payments had been returned.

How much JobKeeper did Harvey Norman receive?

Harvey Norman repays $6m of the $22m it claimed in jobkeeper after record profits. Retailer Harvey Norman has revealed it repaid $6m in jobkeeper wage subsidies in August after it posted record profits in the 2020-21 financial year.

Who gave JobKeeper back?

After facing public pressure to give the money back, and previously refusing, Harvey Norman founder Gerry Harvey finally announced to the ASX on Tuesday that it would return $6.02 million in JobKeeper subsidies to the tax office.

Who are the major shareholders of JB Hi-Fi?

JBH Substantial Shareholders

Holding Name
12,741,156 (11.09%) Australiansuper Pty Ltd
7,384,822 (6.42%) BlackRock Group
6,957,042 (6.06%) The Vanguard Group Inc.
6,948,678 (6.04%) Magellan Financial Group Limited

Does JB Hi-Fi have Humm?

Shop at JB Hi-Fi with humm

Shopping at JB Hi-Fi just got easier. With humm, you can use your Little things or Big things wallet and buy now, pay later with regular, interest-free instalments on your JB Hi-Fi purchases.

Is Good Guys owned by Harvey Norman?

When JB Hi-Fi completes the $870 million acquisition of The Good Guys it announced on Tuesday its market share will edge ahead of Harvey Norman in the home appliance market, according to JB Hi-Fi boss Richard Murray. Harvey Norman chairman Gerry Harvey: "you have a great big company owned by nobody".

Why did JB Hi-Fi buy good guys?

JB Hi-Fi will buy rival electronics and whitegoods retailer The Good Guys for $870 million. The company announced the long-speculated acquisition on Tuesday morning, saying it would create new opportunities for each brand to grow store numbers and market share.

How many horses does Gerry Harvey own?

Harvey has one of the world's largest thoroughbred portfolio, with over 600 thoroughbreds in his stables. He also owns 50% of Magic Millions, one of the largest and most expensive thoroughbred auction events in the Australian racing industry.

What is Katie Page Worth?

Net worth

Year Financial Review Rich List
Rank Net worth (A$)
2021 28 $3.20 billion
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