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 Earnings Up 8.7%
Sep 19, 2007
 Printable format
 Email this Article
 Search

Retailer Best Buy Co reported better-than-expected second-quarter earnings, helped by strong international sales, and raised its full-year profit forecast, pushing its shares up about 5%. Best Buy said it benefitted from demand for notebook computers, flat-panel TVs, and video games, and said that it gained market share across its product lineup.

Net earnings came to US$250 million, or $0.55 a share, for the second quarter ended Sept. 1, up 9% from $230 million, or $0.47 a share, a year earlier. Revenue rose 15% to $8.75 billion. Sales at stores open at least 14 months, or same-store sales, rose 3.6%. International revenue rose 54% to $1.5 billion.

Same-store sales fell 7.1% in the appliance category. But same-store sales in Best Buy's services group, tied to computers and TVs, rose 5.3%.

Best Buy said it expects full-year earnings at the top half of its forecast range of $3 a share to $3.15 a share, an improvement from its previous outlook of $2.95 to $3.15. Same-store sales should rise near the midpoint of the previous forecast range of 3% to 5%.

Back to Daily News

 

Daily News

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

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

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