Best Buy Co. (NYSE: BBY) reported Friday that the electronics retailer sharply higher sales in December, but kept their earnings guidance unchanged, according to Associated Press.
Sales in stores open at least a year rose 8.2 percent, compared with a 6.5 percent drop a year ago. The sales comparison includes a 9.3 percent rise domestically and a 3.5 percent increase internationally.
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Total sales rose 13 percent to $8.5 billion.
Consumer electronics and appliance sales were strong, but movies and music were weaker. Online revenue in December rose 34 percent compared with last year, citing an increase in traffic to the Web site.
Electronic spending rose 7.3 percent in December.
U.S. December sales in stores open at least a year for retailers in general rose 2.8 percent from a year earlier. The sales comparison fell 2 percent from all of 2008.
The company said it still expects to earn $3.00 to $3.15 per share this fiscal year, excluding one-time items. Analysts expect a profit of $3.10 per share. Analyst estimates typically exclude one-time items.
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