The Motley Fool

The JB Hi-Fi share price just hit a new low

The JB Hi-Fi Limited (ASX: JBH) share price finished down 4.3% to $20.68 on Thursday, which is the lowest price it has been since early 2016.

JB Hi-Fi is the operator of The Good Guys and JB Hi-Fi stores in Australia, which sell a variety of TVs, electronics, home appliances and other products.

It has been a tough year for the JB Hi-Fi share price, which is down 19% over the past year. It’s down even further if you go from the late January-high price. Falling house prices and a growing Amazon may be spooking JB Hi-Fi shareholders.

In a recent trading update the consumer goods business revealed that growth was slowing this year compared to last year. But, it did still show growth – JB Hi-Fi Australia reported in the first quarter of FY19 that sales growth was 5.3% with comparable sales growth of 3.4%.

Investors may have been spooked by the news that sales for Kathmandu Holdings Ltd (ASX: KMD) materially deteriorated during December, which perhaps could affect many discretionary retailers.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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