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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.
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  • 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
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