21.05.2015 - Best Buy has shown strong results
American electronics retailer Best Buy reported for the first quarter. Thanks to the program of costs reduction and increase of sales of TVs and smartphones, the company's results exceeded market expectations. Sales in the US rose by 0.6% in the quarter that ended on 2 May. Meanwhile, online sales have grown by 5.3%. Revenue was $ 178 million, while revenue fell to 8.56 billion. Given the success in reducing costs and increasing online sales, we expect continued growth in the company's shares by 25-27% per year.