Thursday, May 25, 2017

Best Buy reports better-than-expected start to the year

itempropHigher sales in gaming amid the launch of the Nintendo Switch, and improved sales once delayed federal tax refund checks arrived, helped boost Best Buy to better-than-expected first-quarter results.

Overall sales in the quarter rose 1 percent to $8.5 billion, up from $8.4 billion a year ago. Comparable sales in the U.S. rose 1.4 percent, which was much better than the 1.5 to 2.5 percent drop the company had forecast. Online sales rose 23 percent.. . . more

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