JB Hi-Fi lifts Q1 sales

First quarter sales have risen by 5.3 per cent at home entertainment and electronics retailer JB Hi-Fi, which is on track to meet its full year targets.

Electronics retailer JB Hi-Fi has lifted first quarter sales by 5.3 per cent. (AAP)

Home entertainment, electronics and appliances retailer JB Hi-Fi has lifted first quarter sales by 5.3 per cent.

The discount retailer's comparable sales, which strip out the effects of store openings and closures, rose 3.7 per cent.

Chief executive Richard Murray told shareholders at JB's annual meeting on Thursday that the company was on track to meet its annual sales forecast of $3.85 billion, up 5.5 per cent on 2014/15.

Shares in JB Hi Fi were two cents weaker at $18.48 at 1048 AEDT.