Retail News

Best Buy’s quarter exceeds Wall Street’s expectations

Minneapolis Star Tribune 05/24/2017

Best Buy posted a same-store sales gain of 1.4 percent in the first quarter, well above its own guidance forecasting a decline of 1.5 percent to 2.5 percent. The consumer electronics chain also posted a 23 percent in online sales during the quarter. Earnings per share, which came in at 60 cents, outpaced the 40 cents expected by analysts.

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