Best Buy Tops Quarterly Expectations but Lowers Outlook on Falling Sales

Best Buy (BBY) on Tuesday reported better-than-expected earnings for its latest fiscal quarter, but acknowledged a challenging sales backdrop as consumers bought fewer electronics and appliances.

Best Buy (BBY) Q2 Earnings Beat, Comparable Sales Dip 6.2% Y/Y

Best Buy (BBY) reports better-than-expected second-quarter fiscal 2024 earnings. However, its sales decline from the year-ago quarter due to weak enterprise comparable sales.

Best Buy declares the 'low point' in tech sales after years of declines

Best Buy's CEO said we're in "the low point in tech demand after two years of sales declines." Shoppers are spending more on experiences and preparing for the return of student-loan repayments.

Best Buy (BBY) Reports Q2 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Best Buy (BBY) give a sense of how the business performed in the quarter ended July 2023, it could be worth looking at how some of its key metrics compare...

Best Buy triples down on call for bottom in tech demand

Best Buy Co. Inc. Chief Executive Corie Barry is making the call for a bottom in tech demand on the consumer-electronics retailer's post-earnings conference call with analysts, according to an Alph...

Best Buy expects tech demand to hit a low this year

Best Buy expects declining tech sales to hit a low this year before stabilizing, in another sign of consumer caution around discretionary spending and retail purchases.

Best Buy Stock Brushes Off Slashed Revenue Outlook

Best Buy Co Inc   (NYSE:BBY ) is up 5.1% to trade at $77.80 this morning, after the retailer topped analysts' second-quarter earnings and revenue expectations.

Early movers: Best Buy, Axcella, Smucker, BYD, NIO, VinFast, and more

Best Buy ‘beats' Best Buy Co Inc (NYSE:BBY) stock started Tuesday on the front, up 5.3% at $77.99, after it reported second-quarter results that were ahead of market expectations, whilst also refle...

Best Buy (BBY) Tops Q2 Earnings and Revenue Estimates

Best Buy (BBY) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.54 per share a year ago.

Best Buy stock boosted by ‘smaller than feared' drop in revenue

Best Buy Co Inc (NYSE:BBY) stock started Tuesday on the front after it reported second quarter results that were ahead of market expectations, whilst also reflecting a normalization of spending pat...

Best Buy scales back sales outlook as results top expectations

While Best Buy trimmed its sales guidance for the year, it raised the bottom end of its profit outlook.

Best Buy stock gains after earnings beat but mixed outlook, sees tech sales bottoming this year

Shares of Best Buy Co. Inc. BBY, +1.93% got a 0.5% boost in premarket trading Tuesday, after the consumer electronics retailer reported fiscal second-quarter results that beat expectations, while p...

Jobs and Inflation Data, Salesforce and Best Buy Earnings, and More to Watch This Week

Earnings reports from Best Buy, HP, Salesforce, Broadcom, Dollar General, and more. Plus, August jobs data, July core PCE inflation, and the July JOLTS report.

Jobs report, inflation data, Best Buy earnings, US Open top week ahead

It's a big week for jobs and housing data as well as more retail earnings as investors wind down the final days of August leading into the Labor Day holiday weekend.

Best Buy's (BBY) Q2 Earnings Coming Up: What's in the Offing?

A tough operating landscape, including inflation and a higher promotional backdrop, is likely to reflect on Best Buy's (BBY) second-quarter fiscal 2024 results.


Related Companies

Track Institutional and Insider Activities on BBY

Follow BEST BUY CO INC and customize your updates to receive the information that matters most to you.

Institutional Portfolio Updates

Receive a notification when an Institution or Guru buys or sells BBY shares.

Notify only if

Insider Trading

Get notified when an Best Buy CO Inc insider buys or sells BBY shares.

Notify only if

News

Receive news related to BEST BUY CO INC

Track Activities on BBY