JB Hi-Fi (JBH): FY24 results this morning which are a beat on first pass – conference call 10.30am.
- Sales $9.59 billion, estimate $9.52 billion / 0.7% beat
- NPAT $438.8 million, estimate $421.8 million / 4% beat
- Ebit $647.2 million, estimate $626.4 million / 3.3% beat
- Dividend of $1.03 + a Special Dividend of 80cps – both fully franked
July sales update: Sales are in line with the Group’s expectations, with sales momentum in Australia continuing into July. They are also making an acquisition of e&s (website here) for $47.8m initially for 75% with the option of buying the remaining 25%, funded through existing cash.
CAR Group (CAR): Inline FY24 result, outlook for ‘good growth’ very typical + reassuring against a market that was slightly nervous we think.
- Revenue from continuing operations $1.1 billion, +41% y/y, estimate $1.1 billion
- Adjusted net income $344 million up +24% y/y, estimate $344.1 million
- Adjusted Ebitda $581 million, +37% y/y, estimate A580.5 million
- Final dividend per share A$0.385 vs. A$0.3250 y/y
The Trade Desk (TTD US): Reported after market in the US on Thursday, and rallied 12.5% on Friday night with the intra-day move being bottom left to top right. All analysts covered we read were universally positive, with earnings & PT’s revised higher. We covered the result here.
