Best Buy’s CEO Brian Dunn said Tuesday that consumer traffic at its stores is lumpy with customers splurging for big tech launches and then pulling back. Apparently, Sprint’s HTC 4G Evo is shaping up to be a big event.
Dunn, speaking on an earnings conference call following disappointing first quarter results, said the “4G HTC Evo is the best selling device in Best Buy Mobile.” Dunn added that “Android platform sales are outstanding.”
The comments come amid a big Best Buy miss. The company reported first quarter earnings of $155 million, or 36 cents a share, on revenue of $10.78 billion. Wall Street was looking for earnings of 50 cents a share on revenue of $10.93 billion. Nevertheless, Best Buy reiterated its fiscal 2011 outlook.