Best Buy Posts $461 Million Profit
Best Buy for the most recent quarter posted a profit of $461 million, compared with a loss of $81 million as the same time last year.
The performance was attributed to both cost-cutting and a large tax benefit, as Best Buy released its first-quarter earnings on Thursday.
“This quarter reflects continued progress in our Renew Blue transformation," CEO and Renew Blue architect Hubert Joly said in a statement.
- Companies:
- Best Buy
Related Content
Microsoft Unveils Xbox Series X Coming Holiday 2020
Daniel Pidgeon Named Goodman Networks President of Home Services
Anchor Shops Retail Concept: Digital Brands Get Physical Location
Safety Concerns Still Delaying Full-Scale Autonomous Vehicle Deployment
Middle Atlantic Celebrates 40 Years of Helping Integrators Build Great Systems
North Announces Focals 2.0, Coming in 2020
Comments
