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Best Buy Co Inc (NYSE:BBY): Current Price $13.67
Best Buy Co Inc (NYSE:BBY) announced revenue details of the holiday season represented by the nine weeks ended January 5, 2013. Revenue fell 0.4% to $12.8 billion compared to $12.9 billion in the year ago period. The international segment did better growing 2.2% while the domestic segment fell 1.2%. Sales at comparable stores fell 1.4% mainly due to the international segment, with most of the drop occurring in Canada and China. Domestic comparable store sales remained flat. Significantly, the company’s domestic segment online channel saw a traffic increase that boosted revenues by 10%. Free cash flow guidance for the fiscal year 2013 is revised to $500 million compared to the previous guidance in the range $850 million-$1.05 billion.
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