Best Buy shares rise as first-quarter comparable sales jump

Best Buy shares rise as first-quarter comparable sales jump

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/24/best-buy-shares-rise-as-first-quarter-comparable-sales-jump.html

Best Buy, the No. 1 U.S. consumer electronics retailer, reported a forecast-beating rise in same-store sales in the first quarter, helped by strong customer demand, sending its shares up 2 percent in premarket trade.

The retailer said same-store sales, or stores open at least a year, rose 7.1 percent in the first quarter ended May 5 versus estimates of a 2.9 percent rise.