BBY Q4 Revenue Rises 9% to $9.2 Billion

Best Buy Co., Inc. (NYSE: BBY) reported that revenue rose 9 percent to $9.2 billion for the fiscal fourth quarter ended Feb. 26, 2005, compared with $8.4 billion for the fourth quarter of the prior fiscal year. The opening of 78 new stores in the past 12 months and a comparable store sales gain of 2.8 percent drove the revenue increase. Increased sales at the company's 67 customer centricity segmented stores led the comparable store sales gain. The product categories at Best Buy where consumer spending grew fastest during the quarter included digital TVs, MP3 players, notebook computers, digital cameras, DVDs and appliances.

You May Also Be Interested In

• STUDY: 63 Per Cent of Canadians Have Bought Refurbished, Open Box or Traded in Technology in the Past Year, Driven by Cost, Environmental Impact, and Product Value
• Sk Hynix Union Is Finalising Wording Of Tentative Wage Deal, And Will Brief Its Members On The Terms This Afternoon- Reuters
• Best Buy (BBY) PT Raised to $88 at Citi