I have been a huge fan of JB Hi-Fi, Australia’s best retailer. It has been a winner for customers, staff and shareholders.
Consider these performance stats that Chairman Greg Richards relayed at the Annual General Meeting last Thursday. Since listing in October 2003:
- the share price compound annual growth rate is 20.7% to 22 October 2019, compared to 4.5% on the ASX 200 Accumulation Index over the same period;
- the earnings per share compound annual growth rate is 20.5%; and
- the dividend per share (fully franked) compound annual growth rate is 22%.
More recently, over the past five years: