Vancouver-based Best Buy Canada a drag on parent company’s sales, financials reveal

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Vancouver-based subsidiary’s sales fell 8.8 per cent in latest quarter

Best Buy Co Inc.’s Canadian stores are seeing steeper drops in sales than are the company's stores in the U.S. – at least when those sales are converted into U.S. dollars.

“This decrease was primarily driven by a comparable sales decline of 5.4 per cent and the negative impact of approximately 340 basis points from foreign currency exchange rates,” the company explained in a news release. The company’s U.S. business also struggled. It generated US$8.89 billion in sales in the quarter ended July 30, down 7.1 per cent from US$9.569 billion in the same quarter in 2022.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 14. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes