A view of a Greatest Purchase retail retailer on August 29, 2019 in San Bruno, California.
Justin Sullivan | Getty Pictures
Greatest Purchase on Thursday reported fourth-quarter outcomes that exceeded analysts’ expectations, pushed by sturdy gross sales of headphones, home equipment and different gadgets over the vacations.
Shares had been down 2% in premarket buying and selling amid rising market worries about coronavirus.
Chief Monetary Officer Matt Bilunas mentioned Greatest Purchase is monitoring the coronavirus outbreak and expects most of its affect to be within the first half of the 12 months.
He mentioned the retailer factored the coronavirus into its first-quarter and full-year steering, however “we view this as a comparatively short-term disruption that doesn’t affect our long-term technique and initiatives.”
Here is what Greatest Purchase reported in contrast with what analysts had been anticipating, primarily based on a survey of analysts by Refinitiv:
- Earnings per share, adjusted: $2.90 vs. $2.75 anticipated
- Income: $15.2 billion vs. $15.05 billion anticipated
- Identical-store gross sales development: 3.2% vs. 1.9%…