Best Buy Reports Full Year Results And Looks Ahead

Best BuygettyBest Buy BBY just reported 4th quarter and full year results. Holiday sales were stronger than expected, resulting in just a slight drop in revenues in the fourth quarter (-0.6%). But it still caused a drop of -5.6% in earnings (to $2.12) in the quarter. For the full year, sales were much softer as the company reported revenues of$43.5 billion, a drop of -6% from the previous year. Considering the inflationary environment last year, combined with threats of unemployment that dampened consumer ...