Wall Street is hoping Best Buy is at a turning point.
MINNEAPOLIS, May 30, 2024--Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 4, 2024 ("Q1 FY25"), as compared to the 13-week first quarter ended April 29, 2023 ("Q1 FY24").
Same-store sales have been falling, but management has been signaling that demand may be stabilizing.