JB Hi-Fi shares slip despite sales growth

Investors are bidding down JB Hi-Fi shares today despite the company reporting quarterly sales growth across all its businesses.

The ASX 200 retailer reported total sales growth of 6% for JB Hi-Fi Australia, with comparable sales growth of 5%.

And the company's New Zealand branch saw a major uptick in business, with total sales growth for JB Hi-Fi New Zealand of 39.3% and comparable sales growth of 24.3%.

At The Good Guys, total sales growth for the three months to 30 September came in at 2.5%, with comparable sales growth of 2.4%.

And JB Hi-Fi reported total sales growth for e&s of 4.1% with comparable sales growth of 0.7%.