May 21, 2020 / 11:13 AM / 12 days ago

Best Buy quarterly same-store sales fall over 5%

May 21 (Reuters) - Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.

Best Buy's revenue fell to $8.56 billion from $9.14 billion, in the first quarter ended May 2. However, the company said domestic comparable online sales rose over 155%.

The company's net earnings fell to $159 million, or 61 cents per share, from $265 million, or 98 cents per share, a year earlier.

The company declared a quarterly cash dividend of 55 cents per share. (Reporting by Uday Sampath in Bengaluru; Editing by Vinay Dwivedi)

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