BBY Expects Q4 Earnings Approaching The Top Of Its Guidance Range

January 6, 2006 8:03 AM EST
Best Buy Co., Inc. (NYSE: BBY) reported that revenue for the fiscal month ended Dec. 31, 2005, rose 12 percent to $5.7 billion, compared with $5.1 billion for the fiscal month ended Jan. 1, 2005. The revenue increase for the five-week period was driven by 104 new store openings in the past 12 months and a 5.8 percent comparable store sales gain which was higher than expected. Expects 4th-Quarter Earnings Approaching The Top Of Its Guidance Range.

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Guidance, Hot List, Retail Sales