Thursday, May 23, 2019

Even as tariff pressure built, Best Buy saw its sales, profits rise this spring

Under a cloud of tariffs on Chinese-made goods, Best Buy Co. reported higher-than-expected results for the first quarter, led by sales of appliances, wearables and tablets.

Sales across domestic and international operations were flat, at $9.1 billion, while comparable sales among stores open at least a year rose 1.1%.

Online sales were up 14.5% and amounted to 15.4% of U.S. sales.. . . more