The last few weeks have held some bad news for Best Buy; a judge has certified a class action lawsuit against the electronics giant over alleged non-published policies to prevent customers from taking advantage of Best Buys price match guarantee.
Still a bright spot came for the company when it announced financials that were better than expected. Perhaps it's thanks to all of those former Circuit City customers who can’t bring themselves to endure the Walmart electronic sales people.
Best Buy announced revenue of $14,724,000 for the fourth quarter. Operating income was $980,000,000 with net earnings of $570,000,000 amounting to $1.35 per diluted share. These figures represent a net earnings decline of 23% compared to the same quarter last year.
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Via Best Buy