US Market News
2週前
Best Buy Announces Regular Quarterly Cash DividendMay 29, 2026 8:00 AM
Business Wire The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.96 per common share. The quarterly dividend is payable on July 9, 2026, to shareholders of record as of the close of business on June 18, 2026. The company had 210,718,220 shares of common stock issued and outstanding as of May 2, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528807140/en/ Investor Contact:
Mollie O’Brien
investorrelations@bestbuy.com Media Contact:
Carly Charlson
press@bestbuy.com Original: Best Buy Announces Regular Quarterly Cash Dividend
iHub News
2週前
Best Buy shares jump on earnings beat and stronger comparable sales growth (BBY)May 28, 2026 8:48 AM
IH Market News Best Buy (NYSE:BBY) shares surged nearly 10% in premarket trading after the electronics retailer reported first-quarter results that topped analyst expectations, supported by improved comparable sales and strength across several key product categories. Adjusted earnings per share came in at $1.28, exceeding the consensus estimate of $1.22 by $0.06. Revenue for the quarter reached $8.94 billion, ahead of analyst forecasts of $8.82 billion and up 1.9% from $8.77 billion in the same period last year. Comparable sales increased 2.0% during the quarter, a notable improvement from the 0.7% decline recorded a year earlier. The company cited strong demand in gaming, computing, mobile phones, and services as key drivers of growth. “Our comparable sales grew 2% versus last year, higher than our outlook, with positive comps across the majority of our major product categories and strong performance in our Best Buy Ads and Marketplace initiatives,” said Corie Barry, Best Buy CEO. Shares rose 9.9% following the earnings release as investors reacted positively to the stronger-than-expected sales trends. Best Buy maintained its fiscal 2027 outlook, projecting adjusted diluted EPS between $6.30 and $6.60. The midpoint of $6.45 was slightly below the analyst consensus estimate of $6.48. The company also reaffirmed its revenue forecast of $41.2 billion to $42.1 billion for the year. The midpoint of $41.65 billion came in slightly below Wall Street expectations of $41.75 billion. Within the company’s operating segments, domestic revenue rose 1.5% to $8.25 billion, while international revenue increased 7.3% to $687 million. The domestic gross profit rate improved to 23.7%, compared with 23.5% in the prior-year quarter, helped by continued growth in the Marketplace and Best Buy Ads businesses. Chief Financial Officer Matt Bilunas said comparable sales trends strengthened early in May, with month-to-date growth running in the high single digits. For the second quarter, the company expects comparable sales growth of around 1.0% and projects an adjusted operating income margin of approximately 3.9%. Best Buy stock price Original: Best Buy shares jump on earnings beat and stronger comparable sales growth (BBY)
iHub News
2月前
Best Buy shares slide after Goldman Sachs cuts rating to SellApril 13, 2026 10:26 AM
IH Market News
Best Buy (NYSE:BBY) shares dropped 4% on Monday after Goldman Sachs Group downgraded the stock from Neutral to Sell and set a price target of $59.The downgrade reflects concerns about potential challenges beyond the first quarter, despite short-term support from stronger PC demand and higher consumer tax refunds. Analyst Kate McShane warned that rising memory costs are likely to push up laptop and computer prices after the first quarter, increasing the risk of margin pressure as consumers shift toward lower-priced alternatives.She also highlighted the possibility of weaker shipment volumes, as manufacturers scale back output of consumer electronics.According to McShane, Best Buy continues to face structural challenges in expanding its appliance and electronics segments, which could weigh on future revenue growth.“While the stock is not necessarily expensive, we think we can expect to start seeing negative earnings revisions in the 2H of the year, which will drive stock underperformance,” she said.The Sell rating underscores expectations that cost pressures moving through the supply chain will begin to impact demand and sales performance later in the year.Best Buy stock price
Original: Best Buy shares slide after Goldman Sachs cuts rating to Sell
US Market News
3月前
Best Buy to Present at the UBS Global Consumer and Retail Conference on March 12March 5, 2026 4:15 PM
Business Wire
Best Buy (NYSE: BBY) today announced that Corie Barry, CEO, and Matt Bilunas, chief financial and strategy officer, will participate in a Fireside Chat at the UBS Global Consumer and Retail Conference on March 12, 2026, at 8:00 a.m. Eastern Time.
A webcast of the event will be available at www.investors.bestbuy.com both live and after the event.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260305829647/en/
Investor Contact:
Mollie O’Brien
investorrelations@bestbuy.com
Media Contact:
Carly Charlson
press@bestbuy.com
Original: Best Buy to Present at the UBS Global Consumer and Retail Conference on March 12
$treet $inatra
8年前
BBY the top may be nearing within the year? https://www.cheatsheet.com/money-career/stores-destroyed-by-amazon.html/?a=viewall
Amazon is the second-largest consumer electronics retailer in the country after Best Buy, and it’s gunning for the top spot, according to Quartz. In June 2016, Amazon surpassed Walmart in electronics sales, putting it in second place. At the same time, Best Buy’s market share is shrinking. Sales of TVs, headphones, laptops, and other electronic gadgets at Amazon grew 28% in 2015, compared to single-digit growth at Apple and Best Buy. But the brick-and-mortar electronics store is trying to fend off its biggest competitor by improving its e-commerce offerings. And it seems to be having some success, so the end might not be nigh for this chain.