MINNEAPOLIS-Best Buy executives did not release next year’s store-expansion plans during the company’s third-quarter conference call but said they were optimistic about the future. “We’re very bullish on the store runway we have in front if us and the returns we’re seeing from out new stores planned,” said James Muehlbauer, Best Buy’s interim CFO.

During the current fiscal year, the company is opening 150 units, 100 of them domestic and the rest international, up from the 130 to 135 previously announced. Capital expenditures for the year are forecast to hit $900 million.

About 72% of all store openings this fiscal year have taken place in the first six months in order to give the new units “more time on the ground before the holiday season,” said Brian Dunn, the company’s president and COO. Best Buy currently operates about 1,300 locations throughout the US, Canada and China.

During the third quarter, same-store sales rose 6.1% year over year, while total sales grew 17%, to just less than $10 billion. Best Buy’s net earnings hit $228 million, up from $150 million during the same year-ago period.

Company executives increased full-year earnings-per-share guidance to between $3.10 and $3.20, up from a prior range of $3 to $3.15. Additionally, management expects to put its mobile store-within-a-store concept, which is now in 181 units, in all domestic Best Buys within the next two years.

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