USA.- Best Buy earned 443 million in its third quarter, up 27.6%

U.S.A.USA.- Best Buy earned 443 million in its third...

01-01-1970 Best Buy will exit the Mexican market this year, TWITTER / BEST BUY POLITica CENTROAMÉRICA MEXICO from Spain after closing 41 stores due to the pandemic

Madrid, 23 (Europa Press)

US retail chain Best Buy posted a net profit of $499 million (443 million euros) for its third fiscal quarter ended October, representing an increase of 27.6% compared to the same period of the year, as reported. has gone. company on Tuesday.

Revenue in the quarter was 11,910 million (EUR 10,587 million), up 0.5% compared to the same period last year. By geographic regions, domestic revenue grew 1.2% to 10,985 million (EUR 9,765 million), while revenue from overseas grew 7.8% to 925 million (EUR 822.3 million).

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During the quarter, Express recorded a slowdown in electronic commerce growth. While it posted nearly three-fold growth from a year ago, between August and October it reported a 10.1% year-over-year decline in comparable sales across the Internet.

Cost of products sold was 9,108 million (8,096 million euros), up 0.6%, while selling, general and administrative expenses increased 0.5% to 2,133 million (1,896 million euros).

Thus, in the first nine months of Best Buy’s fiscal year, its net profit reached 1,828 million (1,625 million euros), an 86.2% increase. The turnover increased 16.7% to 35,396 million (31,465 million euros) during the period.

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