Jb Hi-Fi (ASX:JBH) recently reported a reduction in their fiscal year net profit attributable, showing a decrease of 3.7% to A$524.6 million.

In addition to this, their fiscal year revenue derived from ordinary activities saw a rise, showing an increase of 4.3% to A$9,626.4 million.

The company has also declared a final dividend of 115.0 AU CPS.

July sales for Jb Hi-Fi (ASX:JBH) were reportedly in line with the group’s expectations, as they worked through a period of elevated activity from the previous year.

In July, total sales growth for Jb Hi-Fi Australia showed a minor decrease of -1.8%, while Jb Hi-Fi New Zealand shared promising results showing a sales growth of 10.0%, however, the Good Guys presented a considerable drop in their sales, showing a decline of -12.0% for the same period.

Jb Hi-Fi (ASX:JBH) is an Australian-based retailer that specializes in consumer goods such as electronics, CDs, DVDs, and video games.