Best Buy: With Weaker Spending, It's Best To Get Out Of This Stock (Rating Downgrade)
Best Buy's Q3 results show a decline in sales, with a -3.2% y/y revenue drop and weaker-than-expected comparable sales, signaling near-term weakness. E-commerce pressure, declining same-store sales, and an unsustainable dividend raise concerns about Best Buy's long-term viability and profitability. Best Buy's heavy promotional spending to drive sales may cut into margins, especially with a more deal-oriented consumer base.
Best Buy's Q3 Earnings Miss Estimates, Comparable Sales Dip 2.9% Y/Y
BBY reports soft third-quarter fiscal 2025 results. Enterprise comparable sales drop 2.9% year over year.
Best Buy Revenues Dip as Consumers Await ‘Deals and Sales'
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.
Electronics Demand at Best Buy Wanes—But People Are Still Buying Laptops
Laptop demand is brisk at Best Buy, but sales are slowing for home theater equipment and other discretionary electronics.
BBY No Longer the "Best Buy" for Consumers?
Best Buy (BBY) became one of the worst performers on the S&P 500 following its mixed earnings report. Seth Basham calls the report "not very surprising" but notes potential green shoots in the company's 2025 outlook.
Best Buy CEO says higher costs from tariffs would mean higher prices for shoppers
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.
Best Buy Co., Inc. (BBY) Q3 2025 Earnings Call Transcript
Best Buy Co., Inc. (NYSE:BBY ) Q3 2025 Earnings Conference Call November 26, 2024 8:00 AM ET Company Participants Mollie O'Brien - Head of Investor Relations Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Jason Bonfig - Senior Executive Vice President, Customer Offerings and Fulfillment Conference Call Participants Peter Keith - Piper Sandler Scot Ciccarelli - Truist Securities Anthony Chukumba - Loop Capital Markets Steven Forbes - Guggenheim Securities Joseph Feldman - Telsey Advisory Group Karen Short - Melius Research Seth Basham - Wedbush Securities Seth Sigman - Barclays Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's Third Quarter Fiscal 2025 Earnings Conference Call.
Hesitant Consumers Hurt Best Buy Results
Best Buy (BBY) shares slumped 8% Tuesday morning after the electronics retailer missed profit and sales estimates and slashed its guidance as consumers pulled back on spending ahead of the key holiday shopping season.
Best Buy Stock Is Sinking After Earnings. Here's Why
Best Buy is one of the worst S&P 500 stocks Tuesday after the retailer missed quarterly earnings expectations and slashed its full-year forecast.
Compared to Estimates, Best Buy (BBY) Q3 Earnings: A Look at Key Metrics
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
2 Retail Stocks Reacting to Quarterly Reports
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.
US Stocks Mixed; Best Buy Posts Downbeat Earnings
U.S. stocks traded mixed this morning, with the Dow Jones index falling around 200 points on Tuesday.
