With the Thanksgiving to Cyber Monday 2022 shopping period in the past, Numerator revealed research on consumer response to the economics, operations and promotions that influenced the day. According to Numerator: 87% of Thanksgiving weekend shoppers revealed that...
Best Buy sales and earnings tumbled in the third quarter, but they still came in ahead of a Wall Street estimate. For the quarter, net earnings were $277 million, or $1.22 per diluted share, versus $499 million, or $2 per diluted share, in the year-earlier quarter,...
Best Buy second-quarter sales and earnings slipped — although not as much and Wall Street expected — as it struggled against headwinds and comparisons. Net earnings in the quarter were $306 million, or $1.35 per diluted share, the company reported, versus $734...
As it faces tough year-over-year comparisons, Best Buy Co. has released a financial performance update related to the company’s fiscal 2023 second quarter ended July 30 and its fiscal 2023 outlook. The company expects second-quarter comparable sales to decline about...
Sales and earnings slipped at Best Buy after the electronics buying binge that occurred during the height of the COVID-19 pandemic. Net earnings in the first quarter were $341 million, or $1.49 per diluted share, versus $595 million, or $2.32 per diluted share, in the...
