Best Buy: Q4 adjusted EPS up 20%
(CercleFinance.com) - Best Buy has published Q4 adjusted EPS that is up 20% at 3.
48 dollars, pretty much in line with the consensus, with a 0.4-point improvement in its adjusted operating margin to 6.9%.
The consumer electronics retailer's revenue increased by 11.5% to over 16.9 billion dollars. Like-for-like, sales grew by 12.6%, driven by Internet sales in the US, which leapt 89.3%.
In addition, the board of directors announced a 27% increase in its quarterly dividend to 70 cents per share, as well as a new authorization for share buybacks of five billion dollars, replacing the previous one.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
48 dollars, pretty much in line with the consensus, with a 0.4-point improvement in its adjusted operating margin to 6.9%.
The consumer electronics retailer's revenue increased by 11.5% to over 16.9 billion dollars. Like-for-like, sales grew by 12.6%, driven by Internet sales in the US, which leapt 89.3%.
In addition, the board of directors announced a 27% increase in its quarterly dividend to 70 cents per share, as well as a new authorization for share buybacks of five billion dollars, replacing the previous one.
Copyright (c) 2021 CercleFinance.com. All rights reserved.