Best Buy Stock Sinks as Results Hurt by Hesitant Consumers [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
The electronics retailer blamed ongoing economic worries, customers waiting for deals, and the run-up to the presidential election for the weak performance. Best Buy cut its full-year outlook for earnings, revenue, and comparable store sales. Best Buy ( BBY ) shares slumped 7% late 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 posted fiscal 2025 third-quarter earnings per share (EPS) of $1.26, with revenue falling more than 3% year-over-year to $9.45 billion. Analysts surveyed by Visible Alpha were looking for $1.29 and $9.63 billion, respectively. Comparable store sales fell 2.9%. Domestic comparable store sales slid 2.8%, dragged down by slowing purchases of appliances, home theater, and gaming items. International comparable store sales were down 3.7%, and online comparable store sales lost 1.0%. Chief Executive Officer (CEO)
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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