Reported about 1 month ago
Best Buy reported better-than-expected financial results, with revenues of $9.29 billion and adjusted earnings per share rising to $1.34, exceeding estimates. Despite a 2.3% decline in same-store sales, the company noted improvements in the customer experience and shifted focus towards AI-enabled products. Best Buy's stock surged by 15% following the results, and the company has adjusted its full-year revenue outlook accordingly.
Source: YAHOO