- Best Buy (NYSE:BBY) reports comparable-store sales rose 2.2% in FQ3, led by a brisk 3.2% rise in the U.S.
- The comp for the online business was +21.6%, compared to +15.1% for the same period a year ago.
- U.S. revenue mix: Consumer electronics 29%, computers/mobile 49%, entertainment 7%, appliances 8%, services 6%, other 1%.
- U.S. gross margin rate -50 bps to 23.0%, due in part to pressure in the mobile business and tablet promotions.
- International gross margin rate -50 bps to 20.7%.
- BBY +2.7% premarket