Seeking Alpha

More on Best Buy's (BBY) holiday sales: The company notes sales were positive for mobile phones,...

More on Best Buy's (BBY) holiday sales: The company notes sales were positive for mobile phones, tablets, and e-readers but that sales in entertainment, TVs, and computing declined. Comparable store sales globally fell 6.4% Y/Y with results in Canada and China both trailing off. For FY13, the company lowers its 2013 free cash flow estimate to $500M due to new factors and says accounts payable as a percentage of inventories will be lower. BBY -2.6% premarket.
Comments (1)
  • lanettedonovan1
    , contributor
    Comments (31) | Send Message
     
    Stock is up? -1.4% better then -2% in some analyst models but look how they got it. Discounting more in US. International sales are AWFUL - 6.4% that makes one part of the business that some valune at 1.8 billion even worth less.
    11 Jan 2013, 07:36 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|