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Best Buy Reports 3Q Earnings Up 40 Percent
DVD News, December, 2001
DVD News 12-19-2001 Best Buy Reports 3Q Earnings Up 40 Percent DVD NEWS-19 December 2001-Best Buy Reports 3Q Earnings Up 40 Percent (C)1999-2001 DVD News. Distributed for AM Newswire Inc via M2 Communications Ltd (www.m2.com).
Best Buy Co., Inc. reported net earnings of $80 million for the quarter ended Dec. 1, 2001, up 40 percent from $57 million for the quarter ended Nov. 25, 2000. "Our 40 percent increase in earnings feels simply extraordinary in light of the challenges in the quarter. I am convinced that our employees' commitment to our customers made the difference," said Best Buy Founder, chairman & CEO Richard M. Schulze. "Our Best Buy stores continued to gain market share, and our New York-area stores led the country with double-digit comparable...
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