Company Overview - Proactive is a provider of fast, accessible, informative, and actionable business and finance news content aimed at a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]

Group 1 - Best Buy Co Inc reported a revenue miss for the first quarter and has slashed its full-year sales outlook due to rising costs of electronics attributed to tariffs [1] - The company's stock price fell by 6.4%, trading at $66.98 [1] - Analysts are pessimistic about the shares, with potential for price-target cuts; 9 out of 22 firms still maintain a "strong buy" rating, while the 12-month consensus target price is $83.68, representing a 27.1% premium to current levels [2] Group 2 - Best Buy's stock is experiencing a 22.3% year-to-date deficit and has fallen below recent support levels, with the $76 region rejecting several rallies since early March [3] - A support floor at the $64 level is expected to contain current losses [3] - Today's options activity shows significant volume, with 13,000 calls and 12,000 puts traded, which is 10 times the typical volume; the most popular option is the August 67.50 call [3] Group 3 - The Schaeffer's Volatility Scorecard for Best Buy is at 78 out of 100, indicating that the stock has exceeded option traders' volatility expectations over the past 12 months [4]

Core Insights - Best Buy reported revenue of $8.77 billion for the quarter ended April 2025, a decrease of 0.9% year-over-year, with EPS at $1.15 compared to $1.20 in the same quarter last year [1] - The reported revenue matched the Zacks Consensus Estimate, indicating a surprise of +0.01%, while the EPS exceeded expectations by +5.50% [1] Financial Performance - Comparable store sales for the enterprise decreased by 0.7%, aligning closely with the nine-analyst average estimate of -0.6% [4] - Domestic comparable store sales also fell by 0.7%, matching the eight-analyst average estimate [4] - International comparable store sales decreased by 0.7%, which was worse than the -0.4% estimate from seven analysts [4] Store Metrics - Total number of international stores was 157, slightly below the average estimate of 160 from five analysts [4] - The number of domestic U.S. Best Buy stores was 886, close to the average estimate of 888 [4] - Total number of stores was 1,108, compared to the average estimate of 1,114 from four analysts [4] Geographic Revenue - International revenue was reported at $640 million, slightly above the six-analyst average estimate of $639.25 million, reflecting a year-over-year decline of 0.6% [4] - Domestic revenue reached $8.13 billion, exceeding the $8.11 billion average estimate from six analysts, but still representing a year-over-year decrease of 0.9% [4] Stock Performance - Best Buy's shares returned +7.2% over the past month, outperforming the Zacks S&P 500 composite's +6.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - Best Buy Co Inc reported disappointing first-quarter 2026 earnings, with sales and adjusted earnings falling short of analyst expectations [1][2]. Financial Performance - First-quarter sales decreased by approximately 1% year-over-year to $8.77 billion, missing the analyst consensus estimate of $9.22 billion [1]. - Adjusted earnings were reported at $1.15, below the consensus of $1.31 [2]. - The gross profit margin remained stable at 23%, while the operating margin declined from 3.5% to 2.5% [2]. Guidance and Outlook - The company updated its full-year guidance, expecting annual comparable sales growth to range from a decline of 1% to an increase of 1%, with an adjusted operating income rate similar to last year at approximately 4.2% [2][4]. - For Q2 FY26, comparable sales are expected to be slightly down compared to last year, with an adjusted operating income rate projected at approximately 3.6% [3]. - Fiscal 2026 adjusted earnings guidance was lowered from a range of $6.20-$6.60 per share to $6.15-$6.30 per share, compared to the consensus of $6.13 per share [3]. - Sales guidance was also reduced from $41.4 billion to $42.2 billion down to a new range of $41.1 billion to $41.9 billion, with the consensus around $41.44 billion [3]. Revenue Breakdown - Domestic revenue of $8.13 billion decreased by 0.9%, primarily due to a 0.7% decline in comparable sales [4]. - The decline in comparable sales was driven by decreases in home theater, appliances, and drones, partially offset by growth in computing, mobile phone, and tablet categories [4]. - Domestic online revenue increased by 2.1% on a comparable basis to $2.58 billion, representing 31.7% of total domestic revenue compared to 30.8% last year [4].

Core Insights - Best Buy reported quarterly earnings of $1.15 per share, exceeding the Zacks Consensus Estimate of $1.09 per share, but down from $1.20 per share a year ago, representing an earnings surprise of 5.50% [1] - The company posted revenues of $8.77 billion for the quarter ended April 2025, slightly surpassing the Zacks Consensus Estimate by 0.01%, but down from $8.85 billion year-over-year [2] - Best Buy shares have declined approximately 16.6% year-to-date, contrasting with the S&P 500's gain of 0.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.30 on revenues of $9.24 billion, and for the current fiscal year, it is $6.15 on revenues of $41.38 billion [7] - The estimate revisions trend for Best Buy is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Retail - Consumer Electronics industry, to which Best Buy belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment for the stock [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Best Buy's stock performance [5]

该公司公布的第一季度美国地区同店销售额降幅超出预期(下降 0.7%，而市场预期为下降 0.6%)。在美 国，无人机、家电和家庭影院产品的销量下滑是导致销售额疲软的主要原因。平板电脑、手机和电脑的 销售增长则在一定程度上抵消了这一影响。 国际业务收入下降了 0.6%，至 6.4 亿美元，主要原因是外汇因素带来的负面影响约达 450 个基点，以 及同店销售额下降了 0.7%。 智通财经APP获悉，百思买(BBY.US)公布了第一季度财务业绩。营收同比下降 0.9%，至 87.7 亿美元。 这一下降主要是由于国内和国际业务中的同店销售额普遍下滑所致。每股收益为 1.15 美元，而预期为 1.09 美元，去年同期为 1.20 美元。 从商品销售的角度来看，按加权平均计算，同店销售额下降的主要驱动因素为家庭影院、电器和无人 机。但这些因素被计算机、手机和平板电脑类别的增长所部分抵消。 百思买美国国内毛利率提高了 10 个基点，达到销售额的 23.5%。较高的毛利率主要归因于该公司服务 类别的财务表现改善，包括其会员服务项目，但这一增长部分被其百思买健康业务内部的压力以及公司 自有品牌和联名信用卡安排带来的利润分成收入减 ...

Best Buy (BBY) Q1 2026 Earnings Call May 29, 2025 08:00 AM ET Company Participants Mollie O'Brien - Vice President, Investor RelationsCorie Barry - CEOMatt Bilunas - CFO & Senior EVP of Enterprise StrategyJason Bonfig - Senior Executive VP of Customer Offerings & FulfillmentSteven Zaccone - Director, Equity Research, Hardlines RetailJonathan Matuszewski - Senior Vice President Conference Call Participants Scot Ciccarelli - MD & Senior Research AnalystMichael Baker - Managing Director, Senior Research Analys ...

Best Buy (BBY) Q1 2026 Earnings Call May 29, 2025 08:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's First Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. At that time, if you have a question, you will need to press star one on your phone. If you choose to be taken out of the question queue, please press star one again. As a reminder, this call i ...

Financial Performance - Comparable sales decreased by 0.7% in Q1 FY26 compared to a decline of 6.1% in Q1 FY25[2] - Total revenue for Q1 FY26 was $8.767 billion, down from $8.847 billion in Q1 FY25, representing a decrease of 0.9%[2][4] - Adjusted diluted EPS for Q1 FY26 was $1.15, compared to $1.20 in Q1 FY25[2] - Net earnings for the three months ended May 3, 2025, were $202 million, down 17.9% from $246 million in the same period last year[27] - Domestic segment revenue was $8,127 million, a slight decrease of 0.9% compared to $8,203 million in the prior year[30] - Adjusted operating income remained stable at $333 million, with an adjusted operating income margin of 3.8%[34] Guidance and Expectations - The company expects FY26 adjusted diluted EPS to be in the range of $6.15 to $6.30[1] - For Q2 FY26, the company anticipates comparable sales to be slightly down and adjusted operating income rate to be approximately 3.6%[4] - The updated FY26 guidance includes revenue expectations of $41.1 billion to $41.9 billion, with comparable sales growth projected between -1.0% to 1.0%[10] Revenue Sources - Domestic online revenue increased by 2.1% to $2.58 billion, accounting for 31.7% of total domestic revenue[5] - Comparable sales in the domestic segment decreased by 0.7%, while comparable online sales increased by 2.1%[30] Costs and Charges - The company incurred $109 million in restructuring charges in Q1 FY26, primarily related to the Best Buy Health business[12] - The restructuring charges for the quarter were $109 million, significantly higher than $15 million in the same period last year[35] Tax and Assets - The effective tax rate for Q1 FY26 was 8.6%, significantly lower than 24.7% in Q1 FY25, influenced by restructuring charges[13] - The effective tax rate for the quarter was 8.6%, compared to 24.7% in the same quarter last year[34] - Total assets decreased to $14,128 million from $14,752 million year-over-year, a decline of 4.2%[25] Cash Flow and Stock Repurchase - The company reported a total cash provided by operating activities of $34 million, significantly down from $156 million in the previous year[27] - Cash, cash equivalents, and restricted cash at the end of the period were $1,435 million, down from $1,527 million year-over-year[27] - The company repurchased $100 million of common stock during the quarter, up from $50 million in the prior year[27] Profitability - The domestic gross profit rate improved to 23.5% from 23.4% in the previous year, driven by better performance in services[6]

CHONGQING, CHINA - MAY 25: In this photo illustration, the logo of Best Buy Co., Inc. is displayed ... More on a smartphone screen, with the latest stock market chart of the company in the background, reflecting investor sentiment and recent trading activity, on May 25, 2025, in Chongqing, China. (Photo Illustration by Cheng Xin/Getty Images)Getty ImagesBest Buy's stock (NYSE: BBY) is set to announce its fiscal first-quarter earnings on Thursday, May 29, 2025, with analysts expecting earnings of $1.09 per s ...