Best Buy December sales rose 8% increase over expected
Best Buy December sales rose 8% increase over expected
According to foreign media reports, the world's largest
Home Appliances
Retail businesses, Fortune 500 companies
Best Buy
Today (January 9) announced the company in December 2009 of
Sell
Report. Data show this month, thanks to a large number of customers purchasing holidays, from
Flat Panel TV
To Internet sales of products such as occurred this up, Best Buy in December same-store sales rose 8%, higher than Wall Street analysts had expected. Ended January 2, 2010 total sales rose 13% to 85 million.
Massachusetts, market research firm RetailMetricsInc survey of analysts earlier, the expected average sales growth of 5.1%.
While upgrading to a larger sales, but investors seem to be disappointed, because the company had not raised its full-year earnings today, is expected. Affected by this low mood effects, the stock fell in early trading 2%.
Data, including stores, call centers and operating sites over 14 months, including the United States in December same-store sales rose 9.3%; international same store sales rose 3.5%. PaliCapital analyst Ritz (StaceyWidlitz) that analysts had expected same-store sales increase in U.S. average is 7.9%. However, the findings from overseas generally pessimistic, they think the value will drop 3.3%.
At the same time, Best Buy said today the company will maintain sales made earlier and earnings per share forecasts unchanged. Earlier, Best Buy has raised its earnings per share excluding one-time items profit forecast to 3-3.15 dollars. Research FactSetResearch survey of analysts, who believe that Best Buy's earnings per share is expected to 3.08 U.S. dollars.
During the holidays,
Electronic
Consumers buy products become popular targets. But Best Buy said that as these electronic products, such as notebook computers and flat panel
TV
Lower profits, so the company's fourth quarter gross margin may be less than expected.
Ritz said: "The key issue is that the current gross margin."
Including Wal-Mart, Amazon and the U.S. retail discount wholesaler Costco Inc. (CostcoWholesaleCorp.), including retail giants currently have to take measures for various household electrical appliances have a low discount. Best Buy is not making the U.S. the second largest electronics store Circuit City (CircuitCity) to win the hands of too much market share. Ritz said that nearly 100 products in the survey found that Best Buy and Wal-Mart price of goods is almost the same.
Learned, thanks to laptops,
Mobile
Products such as consumer demand driven, in December 2009, Best Buy in the U.S. market, with store sales rose 28.5%. Among them, the Tablet PC sales rose 4.5%; appliance sales rose 16.2%;
Service
Business sales were flat; as consumer demand for music and film down, entertainment software sales fell 0.6%. Sales outside the U.S. market was mainly driven by European and Chinese markets.
Sales Courses - How To Choose Them And Who To Learn From Buy And Sell Gold Staying Focused On Development Is The Key To Being A Successful Sales Manager How Great Sales Managers Confront Salespeople Five Issues in Selecting a GREAT Sales Manager Sales Manager Careers - Discover How to Upgrade Your Sales Manager Career These days Cheap Reseller Hosting :: Making The Web Work for Your Data Center - Data Hosting Reseller Web Accounts What is WHM in my Reseller hosting? Salesforce Certification India Sales of party toys 'are on the up' Creating a Unique Sales Proposition Domain Name Sales – How To Do It -purchasing article -get articles… wholesales jewelry and korean jewelry