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
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- UMMC reaching out after death of high school football player
- Report: Mississippi has worst child poverty rate in U.S.
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Fitch gives Mississippi Power a negative outlook due to Kemper plant
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders