Reported about 6 hours ago
Best Buy is expected to report improved sales in Q3, with analysts projecting revenue of $9.63 billion and adjusted earnings of $1.29 per share, despite a slight decline in same-store sales. The company is benefiting from increased demand for AI products, including new computing devices launched earlier this year. Although appliance sales are projected to continue their downward trend, Best Buy anticipates returning to growth in the first half of 2025 as the demand for innovative technology rises.
Source: YAHOO