New Best Buy CEO sets long-term margin targets
Posted : Tuesday, 13 November 2012 12:20PM
(Reuters) - Best Buy Co Inc <BBY.N> is targeting an operating margin of 5 percent to 6 percent over time, as well as a return on invested capital of 13 percent to 15 percent, the company said on Tuesday.
In a statement ahead of an investor meeting, the company said its short-term goal will be "to stabilize and then begin increasing its comparable store sales and operating margin." (Reporting By Ben Berkowitz; Editing by Maureen Bavdek)
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