Best Buy sees sales rise
MINNEAPOLIS (AP) — Electronics retailer Best Buy says a key sales figure rose in December as consumers snapped up notebook computers, TVs and mobile phones ahead of the holidays.
Sales in stores open at least one year rose 8.2 percent, compared with a 6.5 percent drop a year ago. That includes a 9.3 percent rise domestically and a 3.5 percent increase internationally.
Total sales rose $13 percent to $8.5 billion.
The company says it still expects to earn $3.00 to $3.15 per share this fiscal year. Analysts expect a profit of $3.10 per share.
Sales in stores open at least a year are a key retail measure because they track sales in established locations, instead of newly opened ones.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Canadian company purchasing Southern Lumber for nearly $50M
- Winchester lands $50M ammunition contract from Homeland Security
- Lawmakers question education leaders about escalating administrative costs
- Deer processors need to use caution to insure safe, tasty venison
- Peavey Electronics reorganizing under new globalization plan
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- C Spire completes acquisition of MegaGate Broadband
- Columbia Parachute expanding, relocating to BusinessPlex
- Tourism conference being held on Coast; industry to ask state for more money