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Best Buy Co., Inc. Message Board

  • itsawhiz itsawhiz Mar 3, 2013 11:59 PM Flag

    Best Buy 2013 Turnaround Story, Wall Street Journal

    Best Buy Co. reported a narrower fourth-quarter loss on Friday on its first increase in U.S. same-store sales in more than a year, the latest evidence that the beleaguered electronics retailer is slowly stabilizing its battered business.
    In its first full quarter under new Chief Executive Hubert Joly , the Richfield, Minn. , retail chain delivered improved free cash flow while gross profit margins fell less than expected despite stepped up efforts to match rivals' prices.

    Sentiment: Strong Buy

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