Best Buy reported its earnings for the third quarter ended October on November 19th. The consumer electronics retailer reported an earnings per share of $0.37, exceeding a consensus estimate of $0.35. Given weak demand, the company did a commendable job of growing same-store sales by a tepid 0.5% with continued strength in the appliances category, driven by investments in stores-within-a-store format. There was some improvement on the margins front too, as the company?s Renew Blue initiative red...
Best Buy Q3 Earnings: Cost Cuts Help Expand Profits As Weak Industry Sales Weigh On Top Line
Forbes - 20 Nov 2015 22:36
Best Buy reported its earnings for the third quarter ended October on November 19th. The consumer electronics retailer reported an earnings per share of $0.37, exceeding a consensus estimate of $0.35. Given weak demand, the company did a commendable job of growing same-store sales by a tepid 0.5% with continued strength in the appliances category, driven by investments in stores-within-a-store format. There was some improvement on the margins front too, as the company?s Renew Blue initiative red...
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