Tuesday, September 3, 2019

Best Buy misses on Q2 sales, beats on earnings, tariffs loom

Chain Store Age
Best Buy had mixed results in the second quarter of fiscal 2020 and is preparing for the impact of upcoming Chinese tariffs.

Quarterly enterprise revenue equaled $9.54 billion, up 2% from $9.37 billion but short of analyst estimates of $9.6 billion. Same-store sales rose 1.6%, missing predictions of 2.1% growth. . . . more