May 23, 2019
(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)