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.
Down 7% This Year, Will Best Buy Stock Recover Following Q1 Results?
Best 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 slightly.
Best Buy (BBY) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Beyond analysts' top -and-bottom-line estimates for Best Buy (BBY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
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3 ETF Areas to Win Despite Flat Retail Sales in April
Retail sales in April remained unchanged, contrasting with a 0.6% increase in March and defying the 0.4% rise anticipated by economists.
