Retail News

Best Buy tops sales and earnings expectations

MarketWatch 11/24/2020

Best Buy reported a 23 percent increase in third quarter same-store sales, beating Wall Street’s expectations of a 13.6 percent gain. Total revenues for the chain grew 21.4 percent, with online jumping nearly 174 percent during the quarter. Earnings per share were $2.06, well above the $1.71 consensus.

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