Best Buy: Q3 Disappointment As Macro Headwinds Overcome Cost-Cutting Efforts [Seeking Alpha]
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: Seeking Alpha
15.98K Follower s Follow Summary Best Buy's Q3 results missed revenue and EPS targets, with comparable sales growth at -2.9% and disappointing Q4 guidance, leading to a 7% decline Tuesday morning. The challenging macroeconomic environment, election distractions, and uncompetitive business model against Walmart and Amazon are significant headwinds for Best Buy. I remain bearish on BBY, expecting continued sales decline, potential dividend cuts, and store closures due to weak consumer demand and macroeconomic pressures. Contrary to most analysts, I doubt BBY's EPS will recover by 2027. Instead, I forecast a long-term decline that may accelerate with economic weakness next year. I plan to hold my short position in BBY until its valuation fairly discounts its chronic competitive pressures, or the company proves its ability to operate more profitable smaller stores. sfe-co2 Best Buy ( NYSE: BBY ) reported its Q3 results Tuesday morning. Its revenue of $9.45B was slightly
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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