- Best Buy (NYSE:BBY) reports comparable-store sales fell 1.2% during the holiday season.
- Total revenue in the domestic segment was down 0.8% to $10.05B as a weak performance in the mobile phone category impacted results. Categories with strength included wearable technology, home theater, and appliances.
- Online comparable-store sales rose 12.6% during the two-month period.
- Best Buy expects a 1.5% Y/Y decline in domestic revenue during Q4. International revenue is seen falling 30%.
- BBY -4.37% premarket to $28.00.