As Harvey Norman still fails to report their 4th quarter results with some analysts tipping a “shocker” from the struggling retailer, JB Hi Fi CEO Terry Smart will today present his first 2011 financial year figures since taking over 12 months ago.Despite general gloom in the retail sector, Mr Smart is hoping to report more than A$3 billion in sales. According to Reuters, Craig Woolford from Citigroup is predicting that the retailer’s sales will come in just under the A$3 billion mark.
JPMorgan expects a profit after tax of $109.2m for JB Hi-Fi, after taking into consideration one-off costs related to the restructuring of the Clive Anthony business and a share buyback. Guidance earlier given by JB Hi-Fi was between $108.5m and $113.5m.
