Best Buy Posts EPS Beat as Revenue Lag Turns Upbeat on Profitability
TL;DR Summary
Best Buy beat Q4 adjusted EPS ($2.61) but missed on revenue ($13.81B vs $13.88B expected), with quarterly net income at $541M. Full-year revenue rose slightly to $41.69B from $41.53B, while comps declined 0.8%. For the new fiscal year, Best Buy guides revenue of $41.2–$42.1B and adjusted EPS of $6.30–$6.60, as management flags a mixed macro environment and flat market share. Shares jumped more than 10% in premarket trading.
- Best Buy’s holiday sales disappoint, but retailer shows progress in growing profits CNBC
- Best Buy Surges After Profit Last Quarter Tops Estimates Bloomberg
- Best Buy Forecasts Tepid Growth as Consumers Focus on Value WSJ
- Best Buy Reports Fourth Quarter Results Yahoo Finance
- Best Buy rallies after boosting profit despite soft sales (BBY:NYSE) Seeking Alpha
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