by Mike Duff | Nov 26, 2024 | Retail Articles
Best Buy missed an analyst estimate for third-quarter sales and earnings, reporting comparable sales slipped amid consumer uncertainty and a focus on deals. Net earnings were $273 million, or $1.26 per diluted share, versus $263 million, or $1.21 per diluted share,...
by Mike Duff | Aug 29, 2024 | Retail Articles
Best Buy sounded optimistic about its prospects heading toward 2025 after posting better-than-expected second-quarter earnings and revenue despite lower comps. Best Buy reported that the appliance business remained soft during the second quarter. Net income was $291...
by Mike Duff | May 31, 2024 | Retail Articles
Sales were tougher to come by at Best Buy, but the retailer managed to improve earnings significantly in the first quarter. Net earnings were $246 million, or $1.13 per diluted share, versus $244 million, or $1.11 per diluted share in the year-earlier quarter....
by Mike Duff | Feb 29, 2024 | Retail Articles
Best Buy overcame a challenging discretionary spending climate to beat a Wall Street estimate for earnings and revenue for the fourth quarter despite lower comparable sales. Net earnings for the 14-week fourth quarter were $460, or $2.12 per diluted share, versus...
by Mike Duff | Nov 21, 2023 | Retail Articles
In an “uneven” demand environment, Best Buy beat a Wall Street estimate on earnings, missed one on sales and noted its efforts to reconstitute operations to position itself for better market conditions. Net earnings were $263 million, or $1.21 per diluted share,...
