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.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Mississippi Power CEO's departure due to withholding Kemper information from regulators
- Study says Nissan subsidies total $1.33B; MDA says overestimated
- Tenn. company makes unspecified offer to lease hospital
- Renee Flynt made Craftsmen's Guild president
- Small business owners take picture perfect advantages with Instagram
- Defunct casino to be moved; cost could rise depending on 'crud'
- Nullification and interposition
- Undersecretary: 'I understand the frustration' over catfish inspections