Nine months after acquiring Melbourne based retailer E&S JB Hi Fi has reported a profit of $4.2M at the specialist retailer who increased sales 5.2% in the period.

Acquired on 2 September 2024, the Group completed the acquisition of 75% of e&s with management already announcing new stores in both Victoria and Tasmania.

Described as a highly complementary premium home appliance and bathroom retailer. total sales were up 5.2% to $225.2 million, with comparable sales up 4.2%. Sales growth was primarily driven by the Commercial division.

EBIT was $4.2 million, in line with the Group’s expectations, with EBIT margin at 1.9%.