Thursday, March 1, 2018

Best Buy same-store sales surge, tops 4Q expectations

Star Tribune
Best Buy is reporting surging sales at stores and it's topped Wall Street's profit and revenue expectations for the fourth quarter. The consumer electronics retailer also provided a 2019 outlook above analysts' estimates.

Sales at comparable stores jumped 9 percent during the critical period that includes the holidays. That's a big turnaround from a year earlier when the figure dipped 0.9 percent for the consumer electronics retailer.. . . more