NEW YORK – Best Buy reports big holiday numbers, more evidence Americans want and can spend.
A dreadful report by the US Department of Commerce on retail this month shook the bill and voiced concerns that consumer confidence was abruptly halted. Other notable retailers like Walmart also had large holiday accommodations.
Best Buy shares rose more than eleven percent before the opening bell on Wednesday.
The largest consumer electronics retailer in the United States said that sales of comparable stores were an important indicator of sales. The health of a company increased 3 percent in the fourth quarter and 9 percent year-over-year. Best Buy increased the quarterly dividend by 11 percent to 50 cents per share.