Thursday, May 21, 2020

Best Buy earnings, sales fall but beat Street as digital sales skyrocket

Chain Store Age
Best Buy Co. reported first-quarter earnings and sales that beat analyst expectations amid a 155% rise in online sales as customers took advantage of curbside pickup at its stores.

In the middle of the quarter, March 22, the consumer electronics giant shifted all its stores to a curbside-only operating mode, which allowed customers to purchase items online or via the Best Buy app and request pickup at their local Best Buy. . . . more