|Bid||73.12 x 900|
|Ask||75.31 x 1000|
|Day's range||70.94 - 74.82|
|52-week range||60.79 - 93.32|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||11.82|
|Earnings date||28 Aug 2023 - 01 Sept 2023|
|Forward dividend & yield||3.68 (5.16%)|
|Ex-dividend date||14 June 2023|
|1y target est||79.53|
Best Buy's (NYSE: BBY) stock ticked up by 3% after the company delivered its latest earnings report. Best Buy's growth rates seem sluggish, but they cleared Wall Street's low bar, which had been adjusted to account for the near-term macroeconomic headwinds. Best Buy experienced a major growth spurt during the first couple of years of the pandemic as consumers bought new PCs to attend online classes, work remotely, and play graphically intensive video games.
Over the past decade, consumer electronics retailer Best Buy (NYSE: BBY) made some critical changes that have prepared it for the tough environment it now finds itself in. Best Buy is now a nimble retailer, and that nimbleness was on display in the first quarter. Demand for nearly everything Best Buy sells is tumbling amid sky-high inflation and an economy that looks headed toward a recession.
Yahoo Finance markets reporter Josh Schafer details the performance of Best Buy's earnings following weak electronics demand, consumer trends pre and post-pandemic, and the decline of Dollar Tree's stock.
Best Buy (BBY) reports better-than-expected first-quarter fiscal 2024 earnings. However, sales decrease from the year-ago fiscal quarter's level due to weak enterprise comparable sales.
Image source: The Motley Fool. Best Buy (NYSE: BBY)Q1 2024 Earnings CallMay 25, 2023, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.
Comparable sales at Best Buy have fallen for seven straight quarters. The company thinks it's finally seen the worst of the declines.
Loop Capital Markets Managing Director Anthony Chukumba joins Yahoo Finance Live to examine the retail environment as chains Best Buy and Dollar Tree report earnings.
Best Buy shares are boosted as the tech retail chain reports a revenue miss while topping adjusted earnings per share expectations.
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Yahoo Finance Live anchor Julie Hyman highlights today's top stories including Nvidia stock rising on AI boom, Fitch placing the U.S. on ratings watch negative, and Best Buy sales missing the mark.
Best Buy (BBY) delivered earnings and revenue surprises of 2.68% and 0.58%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
MINNEAPOLIS, May 25, 2023--Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended April 29, 2023 ("Q1 FY24"), as compared to the 13-week first quarter ended April 30, 2022 ("Q1 FY23").
Investing.com -- Stocks in focus in premarket trade on Thursday, May 25th. Please refresh for updates.
Investing.com -- Best Buy Co. Inc. (NYSE:BBY) reported better-than-expected net income in the first quarter and maintained its full-year outlook, as gaming and services demand helped partially offset a downturn in discretionary spending that has impacted other retail rivals.
Best Buy's (BBY) first-quarter fiscal 2024 results are likely to reflect a tough operating landscape, including inflation and a higher promotional backdrop.
Yahoo Finance Live previews the week in retail earnings ahead of reporting from retail giants such as BJ's, Dollar Tree, and Costco.
Wall Street bounced back last week. I thought my three stocks to avoid -- Carvana, Despegar.com, and Foot Locker -- were going to lose to the market in the past week. They rose 2%, soared 14%, and plummeted 23%, respectively.
By Remy Blaire Earnings reports from big box retailers pointed to an emerging trend of consumers picking up fewer big-ticket items and easing back on discretionary purchases. Yet, luxury's target demographic isn't pinching pennies. Farfetch Limited (FTCH) reported an increase of 8% in revenue for fiscal Q1 2023. The London-based luxury fashion retailer posted a narrower-than-expected quarterly loss and reiterated its gross merchandise volume outlook for the full-year. Discretionary spending on luxury products for high-end couture brands pushed Farfetch back to growth in the latest quarter. Foot Locker Inc. (FL) couldn’t kick discounting measures and retail shrink to the curb. The sportswear retailer’s shares tumbled with a double-digit percentage loss after weaker-than-expected earnings. The New York-based company reported a sales decline and slashed its guidance for the year. Greater markdowns of its merchandise and loss in inventory due to retail theft weighed on Foot Locker’s bottom line. More U.S. retailers will report earnings ahead of the Memorial Day holiday weekend. Next week, Best Buy Co. Inc. (BBY), Costco Wholesale Corp. (COST), and Lowe’s Cos. (LOW), will report quarterly results and provide greater perspective into consumer spending patterns in the first half of 2023.
Approach retail stocks with caution after worrying earnings call commentary.
Best Buy (BBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Key Insights The projected fair value for Best Buy is US$106 based on 2 Stage Free Cash Flow to Equity Current share...
MINNEAPOLIS, May 11, 2023--Today, Best Buy is unveiling a new suite of membership options — My Best Buy Memberships™ — that give customers more freedom to choose a membership that fits their technology needs, budget and lifestyle. One of these options includes a new tier, at a more affordable price, that offers exclusive prices and access to highly anticipated product releases.
Viewing insider transactions for Best Buy Co., Inc.'s ( NYSE:BBY ) over the last year, we see that insiders were net...
Investors need to take share repurchases and dividends into account when measuring the retail stock's potential.