Reported about 1 month ago
Best Buy reported better-than-expected earnings in its latest quarter, with revenues of $9.29 billion, surpassing estimates of $9.24 billion. Adjusted earnings per share rose to $1.34, beating the anticipated $1.16, signaling improvements in customer experience and product innovation. Although overall sales decreased by 2.3%, this drop was the smallest since late 2022, driven by a resurgence in computing and mobile phone sales. Looking ahead, the company anticipates a full-year revenue of $41.3 to $41.9 billion, with adjusted earnings per share expected between $6.10 and $6.35.
Source: YAHOO