Printer Friendly

BEST BUY COMPANY REPORTS APRIL 1992 SALES

 BEST BUY COMPANY REPORTS APRIL 1992 SALES
 MINNEAPOLIS, May 7 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY),


today reported sales for April 1992, a four-week period ended May 2, the second month of its fiscal 1993 year.
 According to Allen Lenzmeier, chief financial officer, April 1992 sales of $72 million were 44 percent more than the $50 million achieved for the comparable four-week period last year. Year-to-date sales of $168 million, represent a 54 percent increase, as compared to $109 million for the first two periods last year.
 Comparable store sales increased 16 percent for April 1992. The company currently operates 73 stores, 56 of which are considered comparable.
 Best Buy reports sales on a 5-4-4 week basis and earnings are disclosed quarterly. Best Buy is the third largest publicly held consumer electronics and major appliance specialty retailer in the United States. The company sells nationally recognized name brand consumer electronics, major appliances, home office products, entertainment software and photographic equipment at 73 stores in 10 states (Minnesota, Texas, Wisconsin, Missouri, Illinois, Colorado, Iowa, Kansas, Nebraska and South Dakota). Best Buy's common stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 5/7/92
 /CONTACT: Richard M. Schulze, 612-896-2448, or Allen Lenzmeier, 612-896-2454, both of Best Buy/
 (BBY) CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU:


KH -- MN003 -- 7428 05/07/92 08:31 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 7, 1992
Words:230
Previous Article:VERTEX PHARMACEUTICALS RECEIVES NIH GRANT FOR HIV RESEARCH
Next Article:ENZYTECH APPOINTS HAYS AS PRESIDENT AND CEO
Topics:


Related Articles
BEST BUY COMPANY REPORTS OCTOBER 1991 SALES
BEST BUY COMPANY REPORTS DECEMBER 1991 SALES
BEST BUY REPORTS MAY 1992 AND FIRST QUARTER SALES ALSO ANNOUNCES NEW STORE LOCATIONS
BEST BUY REPORTS JUNE 1992 SALES
BEST BUY REPORTS RESULTS
BEST BUY COMPANY REPORTS JULY 1992 SALES
BEST BUY COMPANY REPORTS SEPTEMBER 1992 SALES
BEST BUY COMPANY REPORTS OCTOBER 1992 SALES
BEST BUY REPORTS DECEMBER SALES AND EXPANDED SONY DISTRIBUTION
BEST BUY CO. REPORTS RECORD FOURTH QUARTER AND FISCAL 1993 EARNINGS; PLANNED ENTRY INTO ATLANTA AND ADDITION OF DELL COMPUTERS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters