Best Buy flags an alarming shift in consumer behavior [Yahoo! Finance]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
investors.bestbuy.com/investor-relations/overview/default.aspx
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Source: Yahoo! Finance
Best Buy was the lead electronics retailer during that period, but over the years, its magic has gradually waned as consumer interests have steered more toward online entertainment, which has slowly eaten away at the company's profits. Don't miss this amazing Black Friday Move! Get 50% off TheStreet Pro. Act now before it's gone. Now, as Best Buy struggles to maintain relevancy, it is calling out another concerning consumer trend that has caused it to face a dip in its sales recently. Related: Target flags startling customer behavior ahead of holidays In its third-quarter earnings report for 2024, the company revealed that its U.S. comparable sales declined by almost 3% year over year. Specifically, U.S. comparable sales for consumer electronics shrunk by almost 6%, appliance sales declined by roughly 15%, and entertainment sales decreased by about 19%. The weaker sales contributed to Best Buy's roughly 3% year-over-year decrease in U.S. revenue during the quarter. The
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BBY
News
- Analysts put 3 portfolio stocks on their buy lists. Cramer gives his thoughts on each [MSNBC.com]MSNBC.com
- Best Buy Co., Inc. (NYSE: BBY) had its "buy" rating re-affirmed by analysts at Loop Capital. They now have a $100.00 price target on the stock.MarketBeat
- Best Buy Ads Canada Partners with Rokt to Deliver Highly Relevant Customer Experiences for the Holidays and Beyond [Yahoo! Finance]Yahoo! Finance
- Best Buy Ads Canada Partners with Rokt to Deliver Highly Relevant Customer Experiences for the Holidays and Beyond [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Best Buy Ads Canada Partners with Rokt to Deliver Highly Relevant Customer Experiences for the Holidays and BeyondPR Newswire
BBY
Earnings
- 11/26/24 - Miss
BBY
Sec Filings
- 12/20/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- BBY's page on the SEC website