More on Best Buy's FQ1

|About: Best Buy Co. (BBY)|By:, SA News Editor

Best Buy (NYSE:BBY) reports comparable-store sales fell 2.0% in FQ1 on continued weakness in the consumer electronics category.

Comparable online sales +22%.

International comparable-store sales -6.7%.

Domestic gross profit rate -390 bps to 23.4%, overall -340 bps to 23.1%.

Domestic SG&A expense ratio -180 bps to 20.1%, overall -160 bps to 20.4%.

Inventory +2.7% to $5.583B.

BBY +3.2% premarket