Excellent Best Buy Quarter

March 26, 2010 at 9:42 am  ·  Category: Macro Economics, Market Commentary, Stocks

Best Buy (BBY) yesterday morning reported an excellent fiscal year 4th quarter ended February 27, 2010.  US same store sales increased 7.4% and overall revenue was up 12% year over year.  Net income was up 14%.  It was a record breaking quarter all around.

More support that we are in some sort of a recovery.

bby-1-year-chart

Disclosure: Top Gun is short shares of Best Buy (BBY).

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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