Electronics retailer Dick Smith has beaten its sales forecast with a 15 per cent jump in sales in the final three months of the 2014 financial year.

Dick Smith, which listed on the stock exchange in December, says it has beaten its forecast of $1.226 billion in sales for 2013/14 with a pro-forma result of $1.228 billion.

Its Australian sales rose 15 per cent in the final quarter, with like for like sales lifting four per cent.

The company reaffirmed its pro forma annual profit forecast of $40 million.

It was a strong result in challenging trading conditions, including a decline in consumer sentiment on the back of May’s tough federal budget, the company said in a statement on Monday.

Dick Smith shares were up 4.5 cents, or 2.33 per cent, at $1.975 at 1132 AEST.

However, they remain below the issue price of $2.20.

AAP