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
- PSC unanimously rejects Entergy-ITC proposed merger
- Omega Protein shifting vessels to Mississippi
- IKE TROTTER: There are primary changes in Social Security for 2014
- Company mulling plan to build new pipeline
- Conservator: Schools had too many employees
- Bankrupt Simply Wheelz chooses prevailing bidder for assets
- Study says state sacrificing billions of dollars, 20,000 jobs in refusing Medicaid expansion
- Mars Food to celebrate 35 years in Port City
- Tennessee-based manufacturer sites plant in industrial park