Best Buy’s 1Q tops 2020 and 2019’s results
May 27, 2021
Best Buy reported a 36 percent jump in revenue in the first quarter and posted earnings of $2.32 a share, beating the consumer electronics chain’s numbers for the same period in 2020 and 2019. The retailer’s CEO, Corie Barry, pointed to “extraordinarily high” demand for tech products and services during the quarter. “Demand is being driven by continued focus on the home, which encompasses many aspects of our lives including working, learning, cooking, entertaining, redecorating and remodeling,” MS. Barry said.
Recent News
Live Nation Addresses Unlikely Breakup Amid Looming DOJ Lawsuit
In a recent discourse addressing the specter of a Department of Justice (DOJ) lawsuit, Live Nation’s chief financial officer and president, Joe Berchtold, offered insights into the impending legal predicament.
Instacart Partners With Uber Eats for Restaurant Delivery
The two delivery giants are working together to serve customers.
California Bill Could Force Stores To Close Self-Checkouts
A California bill could change regulations on self-checkouts in stores. Some businesses may have to discontinue this service altogether.
Apple Is Developing Chips for AI Software in Data Centers, According to Reports
According to a report from the Wall Street Journal, Apple has been working on chips designed to power artificial intelligence software within data centers.