Best Buy Co., Inc BBY reported better-than-expected second-quarter financial results raised its FY25 earnings guidance on Thursday.Best Buy reported fiscal second-quarter adjusted EPS of $1.34, beating the street view of $1.16. Quarterly sales of $9.29 billion beat the analyst consensus of $9.24 billion.CEO Corie Barry: "We delivered strong results in our Domestic tablet and computing categories, which together posted comparable sales growth of 6% versus last year."Best Buy raised the fiscal 2025 adjusted E ...

Best Buy beat earnings expectations for the second quarter. (Photo by Bruce Bennett/Getty Images)Getty ImagesIn an unreliable world, the one place you can place your money is on the fact that the American consumer gonna keep on spendin’.Come hell or high water, U.S. shoppers continue to shop and they have propped up the retail industry during some tough times. And it seems 2024 is no exception.This week consumer electricals giant Best Buy reported better-than-expected earnings and sales for its second quart ...

For Best Buy CEO Corie Barry, elevating the customer experience is paramount.Despite recent challenges in the home theater, gaming and appliances categories, Barry is steering the company toward a more personalized and engaging shopping journey. “We are focused on sharpening our customer experiences,” Barry said Thursday (Aug. 29) during the company’s second-quarter earnings call. “We see a consumer who is seeking value and sales events, and one who is also willing to spend on high price-point products when ...

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 ...

Key TakeawaysBest Buy shares rose 15% Thursday after the electronics retailer beat second-quarter estimates and lifted its profit projections for the year.Revenue and net income beat estimates for the quarter, despite declining comparable store sales.Best Buy lifted its profit projections despite expectations that comparable sales will decline amid "uneven" behavior from customers. Best Buy (BBY) shares surged Thursday, reaching their highest point in more than two years, after its second-quarter earnings s ...

It’s a big morning for stock market and economic data this morning. Weekly Jobless Claims, a revision to Q2 GDP, Retail/Wholesale Inventories and the latest Advances Trade Balance join a flurry of late Q2 earnings reports ahead of today’s opening bell.Pre-market futures look to have absorbed the earnings results from NVIDIA (NVDA) after yesterday’s close, and even though the GPU titan is trading down -3% at this hour, the Nasdaq is up +75 points currently, the S&P 500 is +20 and the Dow is surging +290 poin ...

Best Buy Co., Inc. (NYSE:BBY) Q2 2025 Earnings Call Transcript August 29, 2024 8:00 AM ET Company Participants Mollie O'Brien - VP of IR Corie Barry - CEO Matt Bilunas - CFO Conference Call Participants Scot Ciccarelli - Truist Securities Michael Lasser - UBS Mike Baker - D.A. Davidson Greg Melich - Evercore ISI Steve Zaccone - Citi Steven Forbes - Guggenheim Simeon Gutman - Morgan Stanley Christopher Horvers - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's Second Q ...

Thursday, August 29th, 2024It’s a big morning for stock market and economic data this morning. Weekly Jobless Claims, a revision to Q2 GDP, Retail/Wholesale Inventories and the latest Advances Trade Balance join a flurry of late Q2 earnings reports ahead of today’s opening bell.Pre-market futures look to have absorbed the earnings results from NVIDIA (NVDA) after yesterday’s close, and even though the GPU titan is trading down -3% at this hour, the Nasdaq is up +75 points currently, the S&P 500 is +20 and t ...

Best Buy TodayBBYBest Buy$101.74 +13.95 (+15.89%) 52-Week Range$62.30▼$103.49Dividend Yield3.70%P/E Ratio17.82Price Target$90.87Add to WatchlistBest Buy NYSE: BBY has been attempting to navigate a difficult retail sector environment marked by declining sales and increased competition from e-commerce giants. Best Buy’s earnings report for the second quarter of fiscal year 2025 (Q2 FY2025) was recently released, offering some promising signals for investors.Best Buy’s financial report release unveiled an earn ...

Best Buy stock is priced cheap enough to buy.Best Buy (BBY 16.45%) stock is finally taking off! After lagging the stock market for much of the past year, Best Buy shares soared 16.5% through 10:15 a.m. ET after reporting a big earnings beat Thursday morning.Analysts forecast Best Buy would earn only $1.16 per share on sales of just over $9.2 billion. Instead, Best Buy reported a profit of $1.34 per share and sales approaching $9.3 billion.Best Buy Q2 earningsThat's the good news. Now, here's the bad: Best B ...