Scott Barbour/Getty ImagesElectronics retailer JB Hi-Fi announced a 12% rise in September quarter sales.
The company told the AGM that comparable sales for the three months were up 8.3%, within expectations.
A short time ago, JB Hi-Fi shares were up 3.7% to $29.05.
JB Hi-Fi also reaffirmed its 2017 full year guidance for total sales at $4.25 billion.
CEO Richard Murray says the key success drivers continue to be having the biggest range and the lowest prices, supported by talented and enthusiastic staff.
The 2016 financial year was a record year for JB Hi-Fi with sales growing 8.3% to $3.95 billion.
Last month JB Hi-Fi announced a deal to acquire the Good Guys retail chain for $870 million.
The Good Guys’ 101 stores will take the total JB Hi-FI network to 295 stores across Australia and New Zealand.
The appliance-focused Good Guys had $2.09 billion in revenue in 2016.
Business Insider Emails & Alerts
Site highlights each day to your inbox.
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.