BBY - Best Buy Co., Inc.
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Chart Events
Long-term KST
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 72.90 |
| Open | 73.49 |
| Bid | 72.87 x 900 |
| Ask | 73.32 x 1400 |
| Day's Range | 73.10 - 74.27 |
| 52 Week Range | 60.79 - 93.32 |
| Volume | |
| Avg. Volume | 2,452,528 |
| Market Cap | 16.009B |
| Beta (5Y Monthly) | 1.52 |
| PE Ratio (TTM) | 12.39 |
| EPS (TTM) | 5.91 |
| Earnings Date | Aug 28, 2023 - Sep 01, 2023 |
| Forward Dividend & Yield | 3.68 (5.05%) |
| Ex-Dividend Date | Jun 14, 2023 |
| 1y Target Est | 79.18 |
Fair Value
Related Research
Motley FoolIs Best Buy Stock a Buy Now?
Best Buy (NYSE: BBY) is still suffering from a painful growth hangover following surging demand through the worst of the pandemic. The retailer's late May sales update met management's conservative targets, but Wall Street wasn't excited to see a double-digit revenue slump as shoppers tilted spending away from consumer electronics. The company announced on May 25 that comparable-store sales fell 10% in the selling period that ended in late April.
Yahoo FinanceWith the debt ceiling over, here's the next problem for investors: Morning Brief
The gaze of investors now turns to what the Federal Reserve may do in a few short weeks.
Insider Monkey10 Best June Dividend Stocks To Buy
In this article, we discuss 10 best June dividend stocks to buy now. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Best June Dividend Stocks To Buy. Apart from their significant contribution to the market’s overall returns, dividend stocks can also potentially […]
Motley FoolBest Buy Stock: Buy, Sell, or Hold?
Best Buy's (NYSE: BBY) stock ticked up by 3% after the company delivered its latest earnings report. Best Buy's growth rates seem sluggish, but they cleared Wall Street's low bar, which had been adjusted to account for the near-term macroeconomic headwinds. Best Buy experienced a major growth spurt during the first couple of years of the pandemic as consumers bought new PCs to attend online classes, work remotely, and play graphically intensive video games.
TheStreet.comBest Buy CEO Sees Nervous Tech Consumers
Best Buy is that rare tech retailer that has managed to survive the onslaught from online competitors, as consumers still want to see what it is they're buying in person. "We've been seeing a consumer who is, whether or not you call it a recession, exhibiting some recessionary behaviors," said Best Buy chief executive officer Corie Barry, on a May 25th conference call with analysts. "So we're going to have now two consecutive years of a consumer who's making some choices away from consumer electronics," she added. On the upside, Barry says that U.S. households will finally begin reinvesting in tech toys as the economy brightens toward year-end and as newer, more innovative technology phones, computers, earbuds, and televisions hit the market.
Motley FoolBest Buy Keeps Profits Flowing as Demand Crashes
Over the past decade, consumer electronics retailer Best Buy (NYSE: BBY) made some critical changes that have prepared it for the tough environment it now finds itself in. Best Buy is now a nimble retailer, and that nimbleness was on display in the first quarter. Demand for nearly everything Best Buy sells is tumbling amid sky-high inflation and an economy that looks headed toward a recession.
- Thomson Reuters StreetEvents
Q1 2024 Best Buy Co Inc Earnings Call
Q1 2024 Best Buy Co Inc Earnings Call
Yahoo Finance VideoBest Buy calling a bottom, Dollar Tree stock down after earnings
Yahoo Finance markets reporter Josh Schafer details the performance of Best Buy's earnings following weak electronics demand, consumer trends pre and post-pandemic, and the decline of Dollar Tree's stock.
ZacksBest Buy's (BBY) Q1 Earnings Beat, Comparable Sales Down 10.1%
Best Buy (BBY) reports better-than-expected first-quarter fiscal 2024 earnings. However, sales decrease from the year-ago fiscal quarter's level due to weak enterprise comparable sales.
Motley FoolBest Buy (BBY) Q1 2024 Earnings Call Transcript
Image source: The Motley Fool. Best Buy (NYSE: BBY)Q1 2024 Earnings CallMay 25, 2023, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.
Yahoo FinanceBest Buy says weak electronics demand to improve in second half of 2023
Comparable sales at Best Buy have fallen for seven straight quarters. The company thinks it's finally seen the worst of the declines.
Yahoo Finance VideoBest Buy stock rises despite sales miss, Dollar Tree declines
Loop Capital Markets Managing Director Anthony Chukumba joins Yahoo Finance Live to examine the retail environment as chains Best Buy and Dollar Tree report earnings.
Yahoo Finance VideoBest Buy stock rises on mixed earnings beat
Best Buy shares are boosted as the tech retail chain reports a revenue miss while topping adjusted earnings per share expectations.
ZacksBest Buy (BBY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Yahoo Finance VideoNvidia, U.S. credit ratings, Best Buy earnings: Top stories
Yahoo Finance Live anchor Julie Hyman highlights today's top stories including Nvidia stock rising on AI boom, Fitch placing the U.S. on ratings watch negative, and Best Buy sales missing the mark.
Barrons.comBest Buy Stock Jumps After Earnings Top Estimates
The company posts better-than-expected adjusted first-quarter earnings and reiterates guidance for fiscal 2024.
AP FinanceQuarterly results from Best Buy, Ralph Lauren and Dollar Tree show divergence in consumer spending
As inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while lower-income shoppers continues to cut back their purchases, according to the latest batch of earnings reports. Ralph Lauren Corp., which sells $300 sweaters and $500 handbags, reported a surprise increase in revenue in the latest fiscal quarter, while Dollar Tree cut its annual profit outlook on shoppers' increased focus on groceries and other necessities. Meanwhile, Best Buy turned in a first-quarter profit that beat Wall Street expectations, while the nation's largest consumer electronics chain continued to wrestle with weak consumer demand for gadgets.
ZacksBest Buy (BBY) Q1 Earnings Surpass Estimates
Best Buy (BBY) delivered earnings and revenue surprises of 2.68% and 0.58%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
UPDATE 3-Best Buy says demand weakness to bottom out by year end, sales decline narrows
Best Buy Co Inc on Thursday posted a smaller-than-expected drop in comparable sales and said inflation-induced weakness in electronics should bottom out by the end of the year, sending shares of the top U.S. electronics retailer up 4%. The company, which beat its first-quarter profit estimates, also maintained its full-year profit and revenue forecasts, joining retailers Home Depot and Target Corp, as inflation-hit Americans cut spending on non-essential goods. "Expectations into the (Best Buy) print were low ... and the reiterating of the full-year guide should be considered as not as bad as feared," Evercore analysts said in a note.
ReutersBest Buy says demand weakness to bottom out by year end, sales decline narrows
(Reuters) -Best Buy Co Inc on Thursday posted a smaller-than-expected drop in comparable sales and said inflation-induced weakness in electronics should bottom out by the end of the year, sending shares of the top U.S. electronics retailer up 4%. The company, which beat its first-quarter profit estimates, also maintained its full-year profit and revenue forecasts, joining retailers Home Depot and Target Corp, as inflation-hit Americans cut spending on non-essential goods. "Expectations into the (Best Buy) print were low ... and the reiterating of the full-year guide should be considered as not as bad as feared," Evercore analysts said in a note.
ReutersBest Buy misses Q1 revenue estimates as discretionary spending flags
Best Buy Co Inc on Thursday missed quarterly revenue estimates, as shoppers put off big-ticket discretionary spending due to economic uncertainty.
Business WireBest Buy Reports First Quarter Results
MINNEAPOLIS, May 25, 2023--Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended April 29, 2023 ("Q1 FY24"), as compared to the 13-week first quarter ended April 30, 2022 ("Q1 FY23").
- Investing.com
Nvidia and Best Buy rise premarket; Dollar Tree and Snowflake fall
Investing.com -- Stocks in focus in premarket trade on Thursday, May 25th. Please refresh for updates.
- Investing.com
Best Buy posts first quarter earnings beat amid discretionary spending pressures
Investing.com -- Best Buy Co. Inc. (NYSE:BBY) reported better-than-expected net income in the first quarter and maintained its full-year outlook, as gaming and services demand helped partially offset a downturn in discretionary spending that has impacted other retail rivals.
