Reported about 7 hours ago
Best Buy is set to report a decline in fourth quarter earnings, continuing a trend of negative same-store sales for the 13th consecutive quarter, as it faces macroeconomic pressures and the impacts of new tariffs on products sourced from China and Mexico. Analysts expect adjusted earnings per share to drop from $2.72 to $2.39 and forecast an overall same-store sales decline of 1.45%. Despite some growth in computing and mobile sales, challenges such as industry trends, innovation stagnation, and increased tariffs are expected to hinder recovery efforts.
Source: YAHOO