JB Hi-Fi and Lendlease shares drop following financial reports

Several ASX 200 companies, including JB Hi-Fi, Lendlease, and Megaport, experienced significant share price declines this week. JB Hi-Fi shares fell approximately 15.3% following the release of its FY 2026 results. While the retailer reported record revenue of $11.06 billion and a net profit after tax of $490 million, investors reacted to a 38% decrease in the final fully franked dividend and a 1.4% decline in comparable sales growth for its Australian operations in July.

Lendlease Group shares dropped 14.2% during the same period. Despite reporting EBITDA at the top end of guidance for its Investments, Development and Construction segment, the company recorded a statutory loss after tax of $749 million for the 12-month period, driven by material one-off impairments in its Capital Release Unit.

JB Hi-Fi's stock has faced broader downward pressure, with a decline of 28.1% since the start of the year. Analysts note that while the company maintains a cost-leadership strategy, its profit compound annual growth rate has seen a decline compared to three years prior.