Best Buy sees solid second quarter as tech services boost profit margin


Best Buy beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services.

Best Buy’s overall same-store sales rose 1.1% in the first quarter ended May 4. Analysts on average had expected a 0.9% increase, according to IBES data from Refinitiv.

Total revenue rose to $9.14 billion from $9.11 billion, in line with analysts’ estimates.

Products You May Like

Articles You May Like

Covid-19 Business Losses Covered By Insurance: Lawyers And CPAs Advise You To File Claim Now
Papa John’s sales soared 33.5% in May — a record for ‘second straight month,’ CEO says
Don’t Confuse Forbearance With Forgiveness
This disaster could wipe out your finances – and few people are preparing for it
WHO’s solidarity trial is pausing tests for hydroxychloroquine amid safety concerns

Leave a Reply

Your email address will not be published. Required fields are marked *