Petco Health and Wellness Co. signage outside the Nasdaq MarketSite during the company's initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021.Petco announced Wednesday that its CEO Ron Coughlin is stepping down, and said board member and Best Buy executive R. Michael Mohan will take over as interim chief executive as the company searches for a permanent replacement. Coughlin will serve as an advisor to the board to "support the leadership transition." In a statement, he said he's prou ...

MINNEAPOLIS--(BUSINESS WIRE)--Best Buy (NYSE: BBY) is scheduled to present at the UBS Global Consumer and Retail Conference on March 14, 2024, at 1:00 p.m. Eastern Time. A webcast of the event will be available at www.investors.bestbuy.com both live and after the event. ...

6 Bargain Dividend Stocks To Buy Sutthiphong Chandaeng / Shutterstock.com Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or a portfolio consists of income and stock appreciation. At 247 Wall St., we always remind our readers about the impact total return has on portfolios becau ...

There are some fantastic top retail stocks to buy for March this year. Despite the real threats it faces from e-commerce and social shopping, nothing can quite replace the retail experience. Thus, big box retail stores continue to stay in demand, especially for products that can’t so easily be shopped online. That would include itens more personal to people’s taste; unique sizes, such as clothing and apparel goods; and luxury items that require more in-store personalization.The top retail stocks in this art ...

MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. (NYSE: BBY) announced today that current Board Chairman, J. Patrick Doyle, will retire from his position, effective as of the expiration of his annual term on June 12, 2024. Doyle has served on Best Buy’s Board of Directors since 2014 and has been chairman since 2020. David Kenny will succeed Doyle and will take on the chairman role, effective as of Doyle’s retirement. Kenny is the executive chairman of Nielsen and has been on the Best Buy Board since 2013. ...

Best BuygettyBest Buy BBY just reported 4th quarter and full year results. Holiday sales were stronger than expected, resulting in just a slight drop in revenues in the fourth quarter (-0.6%). But it still caused a drop of -5.6% in earnings (to $2.12) in the quarter. For the full year, sales were much softer as the company reported revenues of $43.5 billion, a drop of -6% from the previous year. Considering the inflationary environment last year, combined with threats of unemployment that dampened consumer ...

Key TakeawaysBest Buy beat profit and sales forecasts for its fiscal fourth quarter as falling demand for the electronics retailer's products eased.The company's same-store sales declined, but at a slower pace than analysts had estimated.CEO Corie Barry said Best Buy anticipates industry sales will increasingly stabilize this year. Best Buy (BBY) shares gained ground Thursday after the electronics retailer posted better-than-expected results as the post-pandemic slump in demand for its products eased. Best ...

Best Buy Co., Inc. (BBY) has reported fourth-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. While revenues decreased year over year, earnings improved from the year-ago period. Throughout the fourth quarter and fiscal 2024, the company showcased a robust operational performance despite facing a challenging consumer electronics sales environment. Q4 Details Best Buy's adjusted earnings of $2.72 per share beat the Zacks Consensus Estimate of $2.51. The bottom ...

Today is not only Leap Year Day — the last time we saw one of these was less than a month before the country shut down for the Covid pandemic — but also the most important morning for this trading week. This morning brings us Personal Consumption Expenditures (PCE) for January which, while mixed, are being met favorably by pre-market trading: while the top three market indices were all wallowing in the red ahead of the report, they are currently +0.2% on the Dow, +0.3% on the S&P 500 and +0.57% on the Nasda ...

Tech retailer Best Buy Co Inc (NYSE:BBY) announced a fourth-quarter earnings and revenue beat this morning thanks to holiday deals that bumped consumer demand. The company's comparable quarterly sales also fell less than anticipated. At last check, BBY was up 5.6% at $84.13.The security earlier hit its highest level since August, and is on track for a seventh-straight daily win and best day since December. The stock staged a bounce off its 20-day moving average, and added more than 14% in the last nine mont ...