Best Buy Q4 earnings, CoreWeave files for IPO: Catalysts
Catalysts anchors Seana Smith and Madison Mills cover the morning's top market stories as equities continue to react to the Trump administration's latest tariffs against Canada, Mexico, and China. Best Buy (BBY) shares take a hit Tuesday morning as the electronics retailer's outlook on tariffs overshadows its latest earnings beat.
Why Best Buy Stock Unplugged Today
Shares of Best Buy (BBY -12.75%) plunged on Tuesday, following a robust earnings report with a side of worrisome management comments. The stock price dropped by as much as 15.9% in the morning session, recovering to a 13.2% loss by 1 p.m.
Best Buy Q4 Earnings Beat Estimates, Comparable Sales Rise 0.5% Y/Y
BBY's fiscal fourth-quarter results reflect lower y/y revenues. The gross margin expands 40 bps to 20.9% in the quarter.
Best Buy: Tariffs Could Cut Comparable Sales by 1 Point
Best Buy said Tuesday (March 4) that the U.S. tariffs on China that went into effect Feb. 4 could have a negative impact of about one point of comparable sales if they remain in place for a full year.
Best Buy Stock Sinks as Retailer Warns About Tariffs and Inflation
Best Buy (BBY) shares plunged nearly 15% to lead S&P 500 decliners Tuesday when the electronics retailer warned that new tariffs and inflation will negatively impact sales.
Best Buy down 13% after a guarded assessment of prospects
Best Buy Co Inc (NYSE:BBY) shares tumbled 14% on Tuesday after the retailer issued a cautious annual outlook, warning of sluggish demand for high-ticket electronics amid tariff concerns and shifting consumer priorities. The company forecasted annual comparable sales and earnings below market expectations, citing inflationary pressures that are keeping shoppers wary of big purchases like appliances and gaming consoles.
Best Buy Co., Inc. (BBY) Q4 2025 Earnings Call Transcript
Best Buy Co., Inc. (NYSE:BBY ) Q5 2024 Earnings Conference Call March 4, 2025 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 Christopher Horvers - JPMorgan Brian Nagel - Oppenheimer Jonathan Matuszewski - Jefferies Michael Lasser - UBS Investment Bank Anthony Chukumba - Loop Capital Markets Oliver Hu - Barclays Steven Forbes - Guggenheim Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's Fourth Quarter of Fiscal 2025 Earnings Conference Call.
Best Buy (BBY) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended January 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cramer's Mad Dash: Best Buy
CNBC's Jim Cramer breaks down why he's keeping an eye on shares of Best Buy.
Best Buy (BBY) Q4 Earnings and Revenues Beat Estimates
Best Buy (BBY) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $2.72 per share a year ago.
Best Buy Revenue Upbeat, Health Drags
Best Buy (BBY -3.53%), a leading consumer electronics retailer, reported its fourth-quarter results on March 4, 2025.
Best Buy beats on earnings and revenue, as computing and phone sales grow
Best Buy beat Wall Street's earnings and revenue expectations for its fiscal 2025 fourth quarter. The company saw comparable sales rise slightly year over year.
