JB Hi-Fi Limited announced sales results for the period from January 1, 2020 to March 22, 2020. Sales for the period 1 January 2020 to 22 March 2020 were: total sales growth for JB HI-FI Australia was 9.1% with comparable sales growth of 8.8%; total sales growth for JB HI-FI New Zealand was -2.0% with comparable sales growth of -2.0%; and total sales growth for The Good Guys was 10.4% with comparable sales growth of 10.4%. The company continued to see strong momentum in Australia through the quarter, with an acceleration in recent weeks as both JB HI-FI and The Good Guys provided retail and commercial customers with the essential products they need to respond to and prepare for COVID-19, including technology products that enable remote working, learning and communication, and essential home appliances for food storage and preparation.

Whilst the company continues to be pleased with its performance to date, there is an increasing level of uncertainty arising from COVID-19. On this basis the company considers it appropriate to withdraw its previously announced fiscal year 2020 sales and earnings guidance.