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 | Aug 29, 2023 | Retail Articles
As the consumer electronics sector continues to struggle, Best Buy posted second-quarter comparable sales and earnings declines that still managed to come in ahead of Wall Street estimates. Net earnings were $274 million, or $1.25 per diluted share, versus $306...
by Mike Duff | Aug 1, 2022 | Retail Articles
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...
by Mike Duff | Nov 23, 2021 | Retail Articles
Although it has wrestled with supply chain and other challenges, Best Buy still managed to top Wall Street earnings and revenue estimates in the third quarter. The company posted net earnings of $499 million, or $2.00 per diluted share, versus $391 million, or $1.48...
