Best Buy says cautious, deal-chasing consumers and the presidential election kept quarterly sales muted.The electronics retailer released earnings Tuesday (Nov. 26) showing a 2.9% drop in comparable sales, higher than the 1% dip forecast in the company’s guidance. CEO Corie Barry said Best Buy’s sales performance was impacted by softer-than-expected consumer demand in September and October.“We attribute this to a combination of overall ongoing macro uncertainty, customers waiting for deals and sales, and di ...

Key TakeawaysBest Buy's laptop-computer sales increased 7% year-over-year for the company's latest quarter as people replaced older equipment.But shoppers at Best Buy have cut back on buying home theater equipment and other more discretionary items, the retailer's executives said.Price cuts have helped drive demand at Best Buy, but only by so much, according to Chief Executive Officer Corie Barry. Laptop demand is brisk at Best Buy, but sales are slowing for home theater equipment and other discretionary el ...

Advertisement Best Buy is bracing for Trump's proposed tariffs on imports from China and Mexico."There's very little in the consumer electronics space that is not imported," CEO Corie Barry said.Barry said consumers typically bear some of any added costs in the form of higher prices.Best Buy is bracing for the impact of Donald Trump's proposed tariffs on imports from China and Mexico — especially as the vast majority of items it sells come from the two countries.CEO Corie Barry said Tuesday during the reta ...

财务数据和关键指标变化 - 第三季度营收为94亿美元,同比下降2.9% [63] - 非GAAP营业利润率为3.7%,同比下降10个基点 [63] - 非GAAP每股收益为1.26美元,同比下降2% [64] - 第三季度毛利率为23.6%,同比提高70个基点 [69] - 第三季度国际业务毛利率为22.5%,同比提高40个基点 [70] 各条业务线数据和关键指标变化 - 国内业务营收为87亿美元,同比下降3.3%,可比销售额下降2.8% [67] - 国际业务营收为7.48亿美元,同比下降1.6%,可比销售额下降3.7% [68] - 计算和手机业务可比销售额增长5.2%,其中笔记本电脑可比销售额增长7% [12] - 家电、家庭影院和游戏业务可比销售额下降 [11] 各个市场数据和关键指标变化 - 第三季度在线销售额为27亿美元,占国内收入的31% [14] - 第三季度加拿大市场可比销售额下降3.7% [68] - 第三季度美国市场可比销售额下降2.8% [67] 公司战略和发展方向和行业竞争 - 公司将继续执行2025财年的四大战略重点:1) 振兴和推进有针对性的客户体验 2) 推动运营效率和效益 3) 继续采取有纪律的资本配置方法 4) 探索、试点并推动增量收入流 [28] - 公司正在加拿大扩展第三方在线市场,并计划明年在美国推出 [56] - 公司正在与Bell Canada合作,在加拿大快速扩展物理存在,推动增量盈利收入 [52] - 公司正在探索其他机会,包括Best Buy Health、Best Buy Ads(零售媒体网络)和Partner Plus(供应商供应链计划) [57] 管理层对经营环境和未来前景的评论 - 管理层认为消费者在销售活动中寻求价值,同时也愿意在需要或有新的引人注目的技术时在高价位产品上花钱 [58] - 管理层预计第四季度可比销售额将在-3%到持平之间 [59] - 管理层预计2025财年非GAAP营业利润率将在4.1%到4.2%之间 [60] - 管理层预计2025财年收入将在411亿到415亿美元之间,可比销售额下降2.5%到3.5% [78] 其他重要信息 - 公司第三季度会员基数增长,会员计划的变化再次推动了强劲的毛利率扩张 [15] - 公司第三季度员工流失率是三年多来最低的,低于20财年末的水平 [16] - 公司第三季度员工敬业度得分已经达到全球基准水平,并在第三季度有所提高 [16] - 公司第三季度在数百个门店完成了计算、家庭影院和主要家电部门的专职员工部署 [40] - 公司第三季度在数百个门店部署了新的移动体验,AT&T或Verizon正在为移动部门配备人员 [41] 问答环节所有提问和回答 问题: 第四季度可比销售额展望 - 第四季度可比销售额展望为-3%到持平 [84][85] 问题: 关税和供应链问题 - 公司直接控制的供应链很少,只有约2-3%的产品是公司作为进口商记录的 [86][143] - 公司正在与供应商合作,探索各种缓解策略,包括提前进口、SKU选择、促销和定价策略、采购变更等 [86][143] 问题: 第四季度促销环境 - 第四季度促销环境预计将与全年相似,非常具有促销性 [89][90][91] 问题: 手机和AI优化模型的表现 - 第三季度手机趋势较第二季度略有改善,但仍低于去年 [98][99] - 公司预计AI技术将在未来几年继续发展,目前仍处于早期阶段 [98][99] 问题: 服务和会员业务的利润改善 - 服务和会员业务的利润改善主要来自去年对会员计划的变更 [108][109] - 公司预计明年服务和会员业务的利润改善将放缓 [108][109] 问题: Best Buy Express的盈利能力 - 2025财年Best Buy Express的盈利能力预计为中性 [110][111] 问题: 新店模式的消费者反应 - 公司刚刚在博兹曼和堪萨斯城开设了新店,目前还没有太多见解 [113][114] 问题: 会员续订率 - 会员续订率目前超出公司内部预期 [120][123] 问题: 笔记本电脑类别的表现 - 第三季度笔记本电脑可比销售额增长7%,是自2021年4月以来最高的 [129][130] - 公司预计AI技术将继续推动未来的兴趣,但目前主要是升级和更换周期 [129][130] 问题: 第四季度初期的强劲表现 - 第四季度初期的强劲表现部分是由于消费者在等待假日销售 [134][135] 问题: 促销活动与行业相比 - 公司认为其促销活动并不比行业更不积极,而是更注重优化 [137][138]

Key TakeawaysBest Buy reported lower-than-expected third-quarter profit and revenue as consumers held back spending.The electronics retailer blamed ongoing economic worries, customers waiting for deals, and the run-up to the presidential election for the weak performance.Best Buy cut its full-year outlook for earnings, revenue, and comparable store sales. Best Buy (BBY) shares slumped 7% late Tuesday morning after the electronics retailer missed profit and sales estimates and slashed its guidance as consume ...

For the quarter ended October 2024, Best Buy (BBY) reported revenue of $9.45 billion, down 3.2% over the same period last year. EPS came in at $1.26, compared to $1.29 in the year-ago quarter.The reported revenue represents a surprise of -1.93% over the Zacks Consensus Estimate of $9.63 billion. With the consensus EPS estimate being $1.30, the EPS surprise was -3.08%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Shares of Dick's Sporting Goods Inc (NYSE:DKS) and Best Buy Inc (NYSE:BBY) are in focus today, after both retail giants reported third quarter results.After opening at $227.67, Dick's Sporting Goods stock was last seen 0.1% higher at $216.00, after the sporting goods retailer posted better-than-expected earnings and revenue for the quarter, as well as a strong outlook for the holiday shopping season. The firm raised its full-year guidance, and anticipates fiscal 2024 same-store sales growth of between 3.6% ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Best Buy (BBY) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.08%. A quarter ago, it was expected that this consumer electronics retailer would post earnings of $1.15 per share when it actually produced earnings of $1.34, delivering a surprise of 16.52%.Over the last four quarters ...

Best Buy on Tuesday cut its full-year sales forecast as it missed Wall Street's quarterly revenue expectations and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales.The consumer electronics retailer said it now expects full-year revenue to range from $41.1 billion to $41.5 billion, compared to prior guidance of $41.3 billion to $41.9 billion. It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared to its prior expectations of a 1.5% to 3% drop. ...