Best Buy boosted its full-year outlook and said that consumers are still willing to spend on new tech products, despite a broader focus on finding deals. ...

Diane King Hall is joining me now. We're taking a look also at some other movers in retail um in particular and it's been mostly good news here this morning. We'll start off with Best Buy.I didn't comb through that one as closely. Some of your thoughts. >> Better than expected and a rosy forecast.It's helping lift shares this morning. So, it did better than expected on both the top and bottom line. Uh just EPS coming in at a buck 40.The street was looking for a buck 31. Revenue topping 9.6% billion. 9.67% 6 ...

Group 1: Alphabet (Google) - Alphabet's shares are rising in pre-market trading, driven by reports of Meta considering a multi-billion dollar investment in Google's AI chips [2][3] - The company is gaining traction in the AI sector, with its Gemini AI model receiving positive feedback and outperforming competitors like GPT-5 in various benchmarks [6][7] - The optimism surrounding Alphabet's AI advancements is reflected in its stock price, indicating that investments in AI are yielding positive results [7] Group 2: Nvidia - Nvidia's shares are down over 3.5% in pre-market trading as companies seek to diversify their AI chip suppliers, reducing reliance on Nvidia [4] - Despite being a market leader, Nvidia faces challenges as competitors like Alphabet and others enhance their AI capabilities [4] Group 3: Meta - Meta is projected to spend between $70 billion to $72 billion on AI infrastructure this year, indicating its significant investment in AI technology [3] - The potential partnership with Google for AI chips highlights Meta's commitment to enhancing its AI capabilities [2] Group 4: Alibaba - Alibaba reported better-than-expected revenue growth of 5% to $35 billion, with cloud revenue rising by 34% and AI-related product revenue experiencing triple-digit growth for nine consecutive quarters [11] - The company's revamped Quen AI app achieved 10 million downloads in just one week, showcasing strong demand for its AI offerings [11] Group 5: Fed Rate Cut Expectations - Market expectations for a Fed rate cut next month have risen to over 80%, influenced by comments from Fed officials advocating for near-term easing [12][13] - The anticipation of a rate cut is impacting various sectors, including retail and technology, as investors adjust their strategies accordingly [12][13] Group 6: Retail Earnings - Best Buy reported Q3 revenue of $9.67 billion, exceeding expectations, and plans to buy back $300 million in shares [43] - Kohl's raised its full-year outlook for the second consecutive quarter, indicating stabilization under new CEO Michael Bender [44] - Dick Sporting Goods also boosted its outlook, citing expected sales gains from existing stores, contributing to a positive retail earnings trend [45]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Best Buy (BBY) came out with quarterly earnings of $1.4 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.87%. A quarter ago, it was expected that this consumer electronics retailer would post earnings of $1.22 per share when it actually produced earnings of $1.28, delivering a surprise of +4.92%.Over the last four quarters, ...

Best Buy (NYSE:BBY) Q3 2026 Earnings Call November 25, 2025 08:00 AM ET Company ParticipantsMatt Bilunas - Chief Financial and Strategy OfficerMollie O'Brien - Head of Investor RelationsCorie Barry - CEOJason Bonfig - Chief Customer Product and Fulfillment OfficerConference Call ParticipantsJoe Feldman - AnalystJonathan Matuszewski - AnalystPeter Keith - AnalystGreg Mellick - Equity AnalystSeth Sigman - AnalystSimeon Gutman - Executive Director and Senior Equity AnalystChristopher Horvers - AnalystAnthony C ...

Best Buy (NYSE:BBY) Q3 2026 Earnings Call November 25, 2025 08:00 AM ET Company ParticipantsMatt Bilunas - Chief Financial and Strategy OfficerMollie O'Brien - Head of Investor RelationsCorie Barry - CEOJason Bonfig - Chief Customer Product and Fulfillment OfficerConference Call ParticipantsJoe Feldman - AnalystJonathan Matuszewski - AnalystPeter Keith - AnalystGreg Mellick - Equity AnalystSeth Sigman - AnalystSimeon Gutman - Executive Director and Senior Equity AnalystChristopher Horvers - AnalystAnthony C ...

Financial Data and Key Metrics Changes - The company reported third-quarter revenue of $9.7 billion, with an adjusted operating income rate of 4% and adjusted earnings per share increasing by 11% year-over-year to $1.40 [4][24] - Comparable sales growth was 2.7%, exceeding expectations [4][24] - Domestic revenue increased by 2.1% to $8.9 billion, while international revenue rose by 6.1% to $794 million [24][25] Business Line Data and Key Metrics Changes - Strong sales performance was noted in computing, gaming, and mobile phones, with computing achieving its seventh consecutive quarter of positive comps [4][5] - Desktop computers saw nearly 30% year-over-year growth, while gaming demand remained strong for the Nintendo Switch 2 [5][6] - Online revenue increased by 3.5% on a comparable basis, representing 31.8% of domestic revenue [24][25] Market Data and Key Metrics Changes - The domestic gross profit rate decreased by 30 basis points to 23.3%, primarily due to lower product margin rates [25] - International gross profit rate increased by 30 basis points to 22.8%, attributed to favorable supply chain costs [25][26] Company Strategy and Development Direction - The company aims to strengthen its position as a leading omnichannel destination for technology while building new profit streams [9][10] - Strategic priorities include enhancing omnichannel experiences, driving incremental profitability streams through the Best Buy marketplace, and improving operational efficiencies [9][13][17] - The company is focusing on leveraging AI for customer support and product recommendations, aiming to enhance customer experience [18][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming holiday season, highlighting compelling deals and strong marketing efforts [18][22] - The company expects fourth-quarter comparable sales to range from down 1% to up 1%, with an adjusted operating income rate of 4.8%-4.9% [28][29] - Management noted that the high end of the fourth-quarter outlook assumes growth in computing, gaming, and mobile, with improved trends in TVs [22][28] Other Important Information - The company recorded pre-tax non-cash asset impairments of $192 million related to Best Buy Health, which were excluded from adjusted results [27] - Year-to-date, the company returned $802 million to shareholders through dividends and share repurchases [27] Q&A Session Summary Question: Insights on Q4 guidance and expectations - Management indicated that the high end of the Q4 sales guide is similar to previous expectations, with a slight adjustment to the bottom end [31] Question: Product momentum and demand outlook - Management expects continued growth in computing and mobile phones, driven by the need for upgrades and innovation [32][33] Question: Marketplace performance and EBIT impact - The marketplace has onboarded over 1,000 sellers and significantly increased SKUs, with positive early indicators for customer experience [38][39] Question: Loyalty program performance - The loyalty program has over 100 million members, with nearly 8 million paid members, focusing on personalized promotions to drive engagement [41][42] Question: Store investment and future plans - The company plans to continue investing in store aesthetics and exploring smaller format stores to enhance customer experience [44][46] Question: Impact of tariffs on pricing - The effective tariff rate is in the mid-teens, but overall ASP remains flat due to competitive pricing pressures [49][50] Question: Vendor support in labor - Vendor labor support varies by time of year and product launches, with a focus on maintaining customer service quality [52][53]

电子产品零售巨头百思买(BBY.US)发布了2026财年第三季度财务报告。财报显示，该公司当季实现营 收96.7亿美元，超出市场此前95.8亿美元的普遍预期;净利润达1.4亿美元，经稀释后每股收益为0.66美 元，经调整后每股收益则升至1.4美元，同样优于市场预估的1.3美元。值得关注的是，其同店销售额同 比增长2.7%，超出分析师平均预期值(1.62%)近1个百分点。基于对假日季消费需求的强劲预期，公司已 上调全年营收及利润指引——消费者正借力大幅折扣积极升级笔记本电脑、智能手机等家用电子设备。 值得一提的是，百思买国内在线渠道收入达28.2亿美元，按可比口径同比增长3.5%，占国内总收入比重 提升至31.8%(上年同期为31.4%)。 展望未来，该公司最新调整了2026财年业绩指引：预计同店销售额将实现0.5%至1.2%的同比增长，较 此前预期区间(-1%至+1%)显著上修;全年营收指引同步上调至416.5亿至419.5亿美元区间(原指引为411亿 至419亿美元);调整后每股收益预期收窄至6.25至6.35美元(原目标区间为6.15至6.30美元)。 从区域市场表现来看，该公司国内业务营收达88.8亿美 ...

Best Buy raised its profit and sales expectations ahead of the holiday shopping ramp-up on Black Friday after a strong third quarter. Comparable-store sales at the nation's largest consumer electronics chain rose 2.7%, fueled by computing, gaming and mobile phones. It was the biggest gain in four years for the Minnesota retailer. Shares rose nearly 6% in early afternoon trading. Best Buy's CEO Corie Barry told reporters on a call Tuesday that the chain is making sure that it has a broad range of product ...