Wednesday, June 27, 2007

Best Buy to expand; raises dividend, share buyback

(Reuters) - The plan comes after Best Buy reported quarterly earnings last week that missed analyst estimates by a wide margin and gave a disappointing full-year forecast as television sales cooled.




The Minneapolis-based company said the number of stores in the United States and Canada could now approach 1,800, up from its prior plan to have 1,400. It currently has 1,035 Best Buy, Future Shop and Pacific Sales stores in those markets.


Read more at Reuters.com Business News

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