Why Has Best Buy Stock Lifted 12% Amid Sluggish Sales? [Forbes]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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investors.bestbuy.com/investor-relations/overview/default.aspx
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Source: Forbes
AFP via Getty Images Best Buy's stock (NYSE: BBY), an electronics specialty retailer, has increased 12% from around $78 to $87 (as of Dec 9, after close) year-to-date, underperforming the broader indices, with the S&P growing about 28% over the same period. At the same time, a tough comparison with the pandemic, stimulus-induced growth, and inflationary headwinds have hurt the consumer electronics retailing niche. Favorable factors such as early holiday shopping and new product releases in the recent Q3, including iPhones and AI-enabled laptops, also did not help the retailer meet sales expectations in Q3. The electronics retailer posted $1.26 (up 2% year-over-year (y-o-y)) in adjusted EPS in Q3, falling behind the $1.30 consensus, and $9.45 billion in revenue (down 3% y-o-y), missing the analyst expectation of $9.63 billion. In fact, Best Buy's revenues have declined 4% y-o-y in the first nine months of FY 2025 (year ending Jan 2025) and also fell 11% last year in FY 2024. So why
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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