0
General

Best Buy tops guidance with 2.1% comparable FY sales growth

Thursday 27 February 2020 | 15:49 CET | News
US retailer Best Buy reported results ahead of guidance for its fiscal year to January, with comparable sales growing 2.1 percent. Adjusted earnings increased 14 percent to USD 6.07 per share, and the company forecast a further increase to USD 6.10-6.30 in the new year. Best Buy said it sees a limited impact from the coronavirus on the supply chain, mainly in the first half of this year. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Best Buy
Countries: United States
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Analog Devices withdraws outlook for Q2

Published 26 Mar 2020 14:50 CET | World
Analog Devices has withdrawn its outlook for the second quarter, citing the economic and social effects caused by the coronavirus ...

Best Buy raises FY guidance after strong Q3, positive outlook for Q4

Published 26 Nov 2019 16:25 CET | United States
US retailer Best Buy raised its outlook for annual adjusted profits, citing strong profitability in Q3 and an improved outlook ...

Best Buy narrows sales outlook after comparable growth of 1.6% in July quarter

Published 30 Aug 2019 11:05 CET | United States
US retailer Best Buy narrowed its full-year sales growth outlook, while increasing its forecast for earnings in the fiscal year. ...