|Bid||59.74 x 26000|
|Ask||60.54 x 26000|
|Day's Range||59.77 - 59.77|
|52 Week Range||44.07 - 70.73|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||10.89|
|Forward Dividend & Yield||1.77 (2.99%)|
|1y Target Est||N/A|
Amazon has shattered traditional brick-and-mortar stores across sectors, but there's one retail giant that still stands amid the rapidly changing retail market: Best Buy. In 2012, the electronics chain almost went under. Then, somehow, it didn't.
Brian Nagel, Oppenheimer director of research, joins "The Exchange" to discuss Best Buy's quarterly earnings.
The deal between the two companies will cover all 992 U.S. Best Buy stores, up from about 225 stores previously. In addition, 7,600 of Best Buy's so-called Geek Squad technicians now certified to carry out the repairs and using parts directly from Apple. Apple also carries out repairs at its stores, but there are several U.S. states - including Vermont, West Virginia, both Dakotas, Montana and Wyoming - with no Apple Store.
(LULU) (ticker: LULU), recently up 1.7% to $186.47 (ahead of the S&P 500’s 1.1% gain), launched a line of self-care products—including a shampoo and deodorant—targeting male and female athletes. Meanwhile, electronics retailer (BBY) (BBY), recently up 3.0% to $68.62, got a lift from news that it would begin selling “connected fitness products,” including Flywheel indoor cycles and Hydrow rowing machines. “There’s a growing intersection between fitness and technology, and no one knows tech like we do,” a Best Buy executive said in a statement.
Sales growth slowed last quarter, but Best Buy still posted strong earnings growth as its profit improvement initiatives gained traction.
Chairman & CEO of Best Buy Co Inc (NYSE:BBY) Hubert Joly sold 600,826 shares of BBY on 05/24/2019 at an average price of $64.42 a share.
How Analysts Reacted to Best Buy’s Q1 Results(Continued from Prior Part)What drove BBY’s gross margin expansion?Best Buy’s (BBY) gross margin expanded about 40 basis points on a year-over-year basis to 23.7% in the first quarter of fiscal
How Analysts Reacted to Best Buy’s Q1 Results(Continued from Prior Part)Domestic segment’s performanceBest Buy (BBY) generated revenue of $9.14 billion in the first quarter of fiscal 2020, which ended on May 4. The company’s revenue grew 0.4%
How Analysts Reacted to Best Buy’s Q1 ResultsAnalysts’ reactionBest Buy (BBY) reported upbeat results for the first quarter of fiscal 2020 (which ended on May 4) on May 23. However, its stock fell 4.8% on May 23 as it kept its fiscal 2020
To stay competitive, retailers are working to avoid them as best as they can. But eventually, these import taxes will come out of U.S. consumers' pockets.
While Best Buy Co Inc (NYSE: BBY ) turned in another solid quarter Thursday, its success could be threatened by rising tariffs, according to Wedbush. Best Buy reported first-quarter earnings of $1.02 ...
What should investors take away from Best Buy and L Brands earnings' reports? Jim Cramer rounds up retail and looks ahead to Foot Locker's earnings' report Friday before the bell.
Consumer electronics retailer Best Buy on Thursday beat Wall Street's expectations for earnings in its fiscal first quarter on in-line sales, but trade woes sent the company's shares down.
The consumer electronics retailer's commentary on the impact of tariffs overshadowed its better-than-expected profit in the first quarter and solid second-quarter forecast. "The impact of tariffs at 25% (proposed to be enacted) will result in price increases and will be felt by U.S. consumers," outgoing Chief Executive Officer Hubert Joly said in a conference call with analysts. The world's largest retailer Walmart Inc last week warned that its prices would increase due to higher tariffs, while Macy's Inc said higher levies were already hurting its furniture business.
The retail chain reported better-than-expected first-quarter earnings Thursday, with shares up more than 2%.
Why Best Buy Stock Fell despite Strong Q1 EarningsFirst-quarter resultsBest Buy (BBY) reported better-than-expected earnings for the first quarter of fiscal 2020, which ended on May 4. Still, the stock was down 5.7% as of 2:12 PM today as the
Check out the companies making headlines midday Thursday:L Brands LB — L Brands surged 12.8% after the parent company of Victoria's Secret and Bath & Body Works reported first-quarter earnings that surpassed expectations .