May 23, 2019 / 11:09 AM / 5 months ago

Best Buy beats quarterly same-store sales estimates

May 23 (Reuters) - Best Buy Co Inc 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. (Reporting by Uday Sampath in Bengaluru; Editing by Tomasz Janowski and Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below