Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Best Buy's Q1 Net Earnings Rise 38 Percent
Jun 13, 2006
 Printable format
 Email this Article
 Search

Best Buy Co., Inc. reported net earnings of U.S. $234 million, or $0.47 per diluted share, for its fiscal first quarter ended on May 27, 2006. The consumer electronics retailer's earnings increased 38 percent from $170 million, or $0.34 per diluted share, for the prior-year first quarter.

Total revenue for the quarter increased 14 percent to $7.0 billion, fueled by new store openings and a comparable store sales gain of 4.9 percent. The company's domestic and international segments reported comparable store sales gains of 4.6 percent and 7.1 percent, respectively.

For the fiscal 2007 first quarter, Best Buy's revenue increased 14 percent to $7.0 billion, compared with revenue of $6.1 billion for the first quarter of fiscal 2006. The revenue increase reflected the net addition of 117 new stores in the past 12 months and a comparable store sales gain of 4.9 percent. Best Buy also noted that total first-quarter online revenue grew more than 30 percent as compared to the same quarter of the prior year.

The gross profit rate for the first quarter was 25.4 percent of revenue, a slight decrease from a gross profit rate of 25.5 percent of revenue for the prior-year first quarter.

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows