Best Buy (BBY) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.15%. A quarter ago, it was expected that this consumer electronics retailer would post earnings of $2.51 per share when it actually produced earnings of $2.72, delivering a surprise of 8.37%.Over the last four quarters, ...

A Best Buy store stands outside of a Brooklyn mall on August 29, 2023 in New York City.Best Buy missed Wall Street's quarterly sales expectations on Thursday as softer demand for consumer electronics persisted.The retailer beat on earnings per share, though, and stuck by its full-year forecast. It expects revenue will range from $41.3 billion to $42.6 billion for the full year. That would mark a drop from the most recently ended fiscal year, when full-year revenue totaled $43.45 billion. It said comparable ...

Exhibit 99 Best Buy Reports First Quarter Results Comparable Sales Declined 6.1% GAAP Diluted EPS Increased 2% to $1.13 Non-GAAP Diluted EPS Increased 4% to $1.20 FY25 Non-GAAP Diluted EPS Guidance Range of $5.75 to $6.20 Unchanged MINNEAPOLIS, May 30, 2024 -- Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 4, 2024 (“Q1 FY25”), as compared to the 13-week first quarter ended April 29, 2023 (“Q1 FY24”). Q1 FY25 Q1 FY24 Revenue ($ in millions) Enterprise $ 8,847 $ ...

Google Home display, manage all your compatible smart devices, Best Buy store, Queens, New York. ... [+] (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)UCG/Universal Images Group via Getty ImagesNote: Best Buy’s Best Buy FY’24 ended Jan 2024Best Buy (NYSE: BBY), a specialty retailer of consumer electronics, is scheduled to report its fiscal first-quarter results on Thursday, May 30. We expect the retailer’s stock to grow post-fiscal Q1 with revenues and earnings beating estimates s ...

文章核心观点 - 分析师预计Best Buy公司将在即将发布的财报中每股收益为1.08美元,同比下降6.1% [1] - 分析师预计公司收入将达到89.7亿美元,同比下降5.2% [1] 公司财务数据总结 收入分类 - 国内计算机和移动电话收入预计为35.2亿美元,同比下降4.6% [6] - 国内消费电子收入预计为24.3亿美元,同比下降6.4% [7] - 国内家电收入预计为12.7亿美元,同比下降4.9% [8] - 国内娱乐收入预计为5.51亿美元,同比下降6.8% [9] - 国内总收入预计为83.4亿美元,同比下降5.2% [10] - 国际总收入预计为6.45亿美元,同比下降3.2% [11] 门店数量 - 国际总门店数预计为159家,与去年持平 [12] - 国内太平洋销售门店数预计为20家,与去年持平 [13] - 加拿大Best Buy门店数预计为128家,较去年增加1家 [13] - 加拿大Best Buy Mobile独立门店数预计为32家,与去年持平 [14] - 美国Best Buy门店数预计为898家,较去年减少10家 [15] - 国内总门店数预计为962家,较去年减少4家 [16] 股价表现 - 过去一个月,Best Buy股价下跌7.5%,而标普500指数上涨4% [17] - 目前Best Buy评级为Zacks Rank 4(卖出),可能在短期内表现不佳 [18]

文章核心观点 - 2023年4月零售销售额保持不变,与3月0.6%的增长和经济学家预期的0.4%增长形成对比,表明消费者行为可能发生转变,受持续高通胀和利率上升的影响 [1] - 剔除汽车和汽油购买后,零售销售额略有下降0.1%,低于预期的0.1%增长 [1] - 非店铺零售商(主要是在线商店)销售下降最为显著,环比下降1.2% [1] - 体育用品和爱好商店的销售也下降了0.9% [1] 行业分析 电子和家电商店 - 4月销售环比增长1.5%,同比增长0.8% [3] - 电子销售的增长应该会推动半导体基金和股票 [3] - 投资者可以关注VanEck Vectors Semiconductor ETF (SMH)和Best Buy (BBY) [3] 食品和饮料商店 - 4月销售环比增长0.8%,同比增长2.2% [4] - 投资者可以关注Consumer Staples Select Sector SPDR ETF (XLP)和Kimberly-Clark (KMB) [4] 服装商店 - 4月销售环比增长1.6%,同比增长2.7% [5] - 投资者可以关注SPDR S&P Retail ETF (XRT)和The Gap (GPS) [5]

Best Buy Company Inc.’s (BBY) strategic initiatives illustrate a proactive approach to maintaining its leadership in the retail sector amid challenging market conditions. By integrating advanced technologies, such as AI, with its Google Cloud collaboration, revamping its membership program, and enhancing both digital and physical customer interactions, Best Buy has significantly improved its operational efficiency and customer engagement.Moreover, the expansion into health services through strategic partner ...

It's no secret that retailers are cracking down on returns.In 2023, 81% of U.S. retailers implemented pay-to-return policies in some capacity. Amazon, Macy's, T.J.Maxx, Walmart and Staples all rolled out changes to their established return policies. That may look like shrinking return windows, charging for some returns, or in some cases simply telling shoppers to "keep it"Shoppers racked up more than $5 trillion worth of retail sales in the U.S. last year, according to the National Retail Federation. About ...

Best Buy (BBY) closed the latest trading day at $75, indicating a -0.07% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.35%.Heading into today, shares of the consumer electronics retailer had lost 8.51% over the past month, lagging the Retail-Wholesale sector's loss of 1.39% and the S&P 500's loss of 2% in that time.Market participants will ...

Best Buy has launched a retail media partnership with consumer technology publication CNET.The collaboration is designed to help brands reach larger audiences of “high intent” shoppers at a time when many consumers are demanding digital integration in their in-store journey, according to a Thursday (April 25) press release.Through the partnership, customers will see “curated content and unbiased editorial advice” from CNET experts in stores, on the Best Buy website and on the retailer’s mobile app. This wil ...