JB Hi-Fi performs well in the challenging retail environment.

JB Hi-Fi's stock price has risen, with Jefferies previously believing that the company achieved solid performance in the first half of the fiscal year in an uncertain retail environment. The stock rose 2.3% to $78.43 AUD. Analyst Michael Simotas said JB Hi-Fi's sales momentum continued throughout the entire second quarter. This is particularly pleasing for The Good Guys business, as its sales are compared to the strong performance of the same period last year. Jefferies stated, "Gross margins are solid, indicating strong support from suppliers." Although operating conditions in January have slightly slowed down, JB Hi-Fi faces relatively high comparison bases due to its performance a year ago. Jefferies said, "This is a good performance result, especially as other retailers release weak performance updates. Considering the recent weakness in the stock price, the stock should perform well." Jefferies maintains a hold rating on JB Hi-Fi.