Best Buy: beats consensus in Q2.
(CercleFinance.com) - Best Buy has reported Q2 adjusted EPS (non-GAAP) from continuing operations that is up nearly 21% at 69 cents, while the consensus was expecting less at 63 cents.
The US consumer electronics chain improved its adjusted operating margin by 0.2 point to 3.6%, with revenues of over 8.9 billion dollars, up 5.4% at constant stores.
For the current fiscal year, the Minneapolis-based group has raised its targets, now targeting growth of 4% in revenues, with its adjusted operating profit up between 4% and 9%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The US consumer electronics chain improved its adjusted operating margin by 0.2 point to 3.6%, with revenues of over 8.9 billion dollars, up 5.4% at constant stores.
For the current fiscal year, the Minneapolis-based group has raised its targets, now targeting growth of 4% in revenues, with its adjusted operating profit up between 4% and 9%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.