Macquarie kept AUD 94.00 target for JB Hi-Fi stock

Published on 10/13/2026 at 05:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 4.80 percent to AUD 11.06 billion in fiscal 2026. AUD 489.90 million net profit accompanied Macquarie's Buy view on JB Hi-Fi stock.

Key points in brief

Macquarie maintained a Buy rating and an AUD 94.00 price target on September 18, 2026.
JB Hi-Fi reported fiscal 2026 revenue of AUD 11.06 billion, up 4.80 percent year over year.
Fiscal 2026 net profit reached AUD 489.90 million, while July same-store sales weakened in key Australian divisions.
The company is scheduled to hold its annual general meeting on October 29, 2026.

JB Hi-Fi, AU000000JBH7, Illustration mit AI erstellt.

Macquarie maintained a Buy rating and an AUD 94.00 price target for JB Hi-Fi on September 18, 2026, according to The Globe and Mail. JB Hi-Fi stock therefore carries a clearly defined analyst reference point, while the latest company figures show both earnings resilience and softer trading momentum.

Three figures define the reset

JB Hi-Fi's fiscal 2026 revenue reached AUD 11.06 billion, up 4.80 percent from fiscal 2025, while net profit rose 5.90 percent to AUD 489.90 million. Simply Wall St reported that earnings per share increased to AUD 4.48 from AUD 4.23 in fiscal 2025, while the profit margin stayed at 4.40 percent.

The comparison matters because revenue growth and profit growth moved in the same direction, but the margin did not expand. For a retailer, that leaves sales execution and cost control as the central test for the next reporting period.

July sales exposed the weak spot

Motley Fool Australia reported that JB Hi-Fi Australia total sales growth fell 0.50 percent between July 1 and July 31, 2026. The same report said same-store sales at The Good Guys declined 1.70 percent in July, while e&s same-store sales fell 4.00 percent.

That split gives the analyst target a practical counterweight. The fiscal 2026 result delivered higher revenue and profit, yet early fiscal 2027 trading showed pressure in appliances and the core Australian business.

Chronology puts earnings in context

On February 17, 2026, first-half fiscal 2026 revenue reached AUD 6.09 billion, up 7.30 percent year over year, with net income at AUD 305.80 million, according to Simply Wall St. On August 17, 2026, fiscal 2026 revenue reached AUD 11.06 billion and net profit rose to AUD 489.90 million. On September 18, 2026, Macquarie maintained its Buy rating and AUD 94.00 target.

What comes next for shareholders?

JB Hi-Fi's next substantiated corporate date is its annual general meeting on October 29, 2026, according to Simply Wall St. The meeting follows a fiscal 2026 result with AUD 3.37 in total fully franked dividends, up 22.50 percent from the prior year, while July sales provide a concrete measure of the demand risk facing the group.

Last euro quote before publication

The last Lang & Schwarz quote was EUR 44.80 on October 12, 2026 at 10:58 p.m. CEST. The company is listed on the ASX under ticker JBH.AX in AUD, and its business spans consumer electronics, appliances and home entertainment across more than 340 stores in Australia and New Zealand.

The further course of trading is shown by the continuously updated real-time quote of JB Hi-Fi stock.