Best Buy gets double-upgrade at Citi on expectations of sales growth
Analysts at Citi gave electronics retailer Best Buy Co. Inc. a rare double-upgrade on Monday, boosting their assessment in anticipation that same-store sales will start rising.
Best Buy Could Break Out of Its Channel Shortly
After a painfully slow two years of trading within a tight channel, Best Buy Company Inc. NYSE: BBY rallied by a staggering 15.5% after it reported its first quarter 2024 earnings results. The initial reaction in the stock price is accredited to the unexpected recovery seen in the consumer discretionary space, particularly around consumer electronics.
Best Buy CEO explains how the company is preparing to sell new AI-enabled computers
Best Buy CEO Corie Barry told CNBC's Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers. "We are, as you can imagine, arming ourselves on every angle to be the single best place to come experience this across the assortment," Barry said.
Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
As consumers prove more cautious about their discretionary retail spending, Best Buy is seeing shoppers hold off until sales events to make big purchases.
Best Buy (BBY) Q1 Earnings Beat Estimates, Revenues Dip Y/Y
Best Buy (Buy) reports soft first-quarter fiscal 2025 sales due to a comparable sales drop of 6.1%.
Best Buy Beats Profit Estimates on Services, Membership, and Laptop Demand
Shares of Best Buy (BBY) jumped over 10% in early trading Thursday after the electronics retailer beat profit forecasts on growing demand for services and laptop computers.
Best Buy Co., Inc. (BBY) Q1 2025 Earnings Call Transcript
Best Buy Co., Inc. (NYSE:BBY ) Q1 2025 Earnings Conference Call May 30, 2024 8:00 AM ET Company Participants Mollie O'Brien - VP, IR Corie Barry - CEO Matt Bilunas - CFO Conference Call Participants Simeon Gutman - Morgan Stanley Peter Keith - Piper Sandler Robert Ohmes - Bank of America Chris Horvers - JPMorgan Anthony Chukumba - Loop Capital Seth Basham - Wedbush Securities Jonathan Matuszewski - Jefferies Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's First Quarter Fiscal 2025 Earnings Conference Call.
Best Buy (BBY) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Best Buy (BBY) Q1 Earnings Surpass Estimates
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.
Best Buy posts another quarter of sluggish consumer electronics demand
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.
Best Buy's stock slips after revenue and same-store sales fall more than forecast, while profit beat expectations
Shares of Best Buy Co. Inc. BBY, -0.90% slipped 0.2% in premarket trading Thursday, after the consumer electronics and appliances retailer reported fiscal first-quarter revenue and same-store sales that missed expectations, while profit beat forecasts. Net income for the quarter to May 4 edged up to $246 million, or $1.13 a share, from $244 million, or $1.11 a share, in the same period a year ago.
Best Buy reports bigger-than-expected drop in quarterly comparable sales
Best Buy reported a bigger-than-expected drop in first-quarter comparable sales on Thursday as Americans kept their discretionary spending in check in the face of stubborn inflation.
