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Thursday, November 19, 2009
Best Buy Puts Yearly Rev At Close to $50 Billion
By Darryl R. Isherwood
FOXBusiness
Best Buy (BBY) Chief Executive Brian Dunn said the company will have nearly $50 billion in revenue this year, The Wall Street Journal reported Thursday.
Dunn said the company had placed solid bets on growing inventory such as smart phones notebook computers, netbooks and flat-screen televisions.
Best Buy has begun the traditional "Black Friday"discounts early, hoping to attract consumers trying to avoid the Friday-after-Thanksgiving crowds.
On Sept. 15, the company forecast full-year revenue of $48 billion to $49 billion, with same store sales down as much as 2%.
Shares of Best Buy added 1.1% to $42.95.
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