Best Buy posts positive comp, ups starting salaries
Jul. 21, 2020 4:19 PM ETBest Buy Co., Inc. (BBY)By: Clark Schultz, SA News Editor4 Comments
- Best Buy (NYSE:BBY) discloses that quarter-to-date sales are up 2.5% Y/Y through July 18 off strong demand for computers, appliances and tablets.
- Domestic sales were up 2% and international sales were 8% higher. Online sales were up 255%.
- On the labor front, the company is raising the starting hourly wage for all domestic employees to $15 per hour on August 2.
- Shares are flat in AH trading.
- Source: Press Release