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 ...

For the quarter ended July 2024, Best Buy (BBY) reported revenue of $9.29 billion, down 3.1% over the same period last year. EPS came in at $1.34, compared to $1.22 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $9.23 billion, representing a surprise of +0.63%. The company delivered an EPS surprise of +16.52%, with the consensus EPS estimate being $1.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Best Buy (BBY) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.52%. A quarter ago, it was expected that this consumer electronics retailer would post earnings of $1.07 per share when it actually produced earnings of $1.20, delivering a surprise of 12.15%.Over the last four quarters ...

People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City.Best Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20. The company, however, lowered the top end of its guidance ranges for both full-year revenue and comparable sales. "As we look to the back half o ...

Exhibit 99 Best Buy Reports Second Quarter Results Comparable Sales Declined 2.3% GAAP Diluted EPS Increased 7% to $1.34 Non-GAAP Diluted EPS Increased 10% to $1.34 Raises FY25 Non-GAAP Diluted EPS Guidance Range to $6.10 to $6.35 MINNEAPOLIS, August 29, 2024 -- Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended August 3, 2024 ("Q2 FY25"), as compared to the 13-week second quarter ended July 29, 2023 ("Q2 FY24"). | | | Q2 FY25 | | Q2 FY24 | | --- | --- | --- | --- | ...