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Best Buy lower after holiday numbers underwhelm

Jan. 14, 2016 7:12 AM ETBest Buy Co., Inc. (BBY) StockBy: Clark Schultz, SA News Editor9 Comments
  • 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.

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