Best Buy Reiterates FY25 Outlook; Declares Dividend - Update

RTTNews | Před 501 dny
Best Buy Reiterates FY25 Outlook; Declares Dividend - Update

(RTTNews) - While reporting financial results for the first quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) reiterated its adjusted earnings, revenue and comparable sales guidance for the full-year 2025. Comparable sales for the first quarter declined 6.1 percent.

For fiscal 2025, the company continues to project adjusted earnings in a range of $5.75 to $6.20 per share on revenues between $41.3 billion and $42.6 billion, with a comparable sales decline of 3.0 to 0.0 percent.

On average, 26 analysts polled by Thomson Reuters expect the company to report earnings of $6.02 per share on revenues of $42.01 billion for the year. Analysts' estimates typically exclude special items.

The company also announced its board of directors has authorized the payment of a regular quarterly cash dividend of $0.94 per common share, payable on July 11, 2024, to shareholders of record as of the close of business on June 20, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Značky : BBY
read more
Samsung Recalls 1.1 Mln Electric Ranges For Fire Risk

Samsung Recalls 1.1 Mln Electric Ranges For Fire Risk

South Korean consumer electronics major Samsung Electronics Co Ltd. is recalling about 1.12 million units of Slide-in Electric Ranges after reports of around 250 fires, some of which caused injuries, extensive property damage and pet deaths, the U.S. Consumer Product Safety Commission said.
RTTNews | Před 431 dny
Best Buy, Macy's Q4 Results Top Estimates; Big Lots Slips To Loss In Q4

Best Buy, Macy's Q4 Results Top Estimates; Big Lots Slips To Loss In Q4

Retailers Best Buy Co., Inc. (BBY) and Macy's, Inc. (M) reported on Thursday profits for the fourth quarter that decreased from last year, but results for the quarter topped analysts' estimates. Meanwhile, Big Lots, Inc. (BIG) slipped to a loss, but the loss came in narrower than expectations.
RTTNews | Před 956 dny
Best Buy Guides FY23 Below Estimates; Boosts Dividend 5% - Update

Best Buy Guides FY23 Below Estimates; Boosts Dividend 5% - Update

While reporting financial results for the fourth quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) initiated its adjusted earnings, revenue and comparable sales guidance for the full-year 2024. For fiscal 2024, the company now projects adjusted earnings in a range of $5.70 to $6.50 per share on revenues between $43.8 billion and $45.2 billion, with a comparable sales decline of 3.0 to 6.0 percent.
RTTNews | Před 956 dny
Best Buy's 48-hour Flash Sale Ends Today

Best Buy's 48-hour Flash Sale Ends Today

Best Buy Co., Inc.'s flash sale ahead of the upcoming holiday season is live now with hundreds of deals on electronic items and games. The company's 48-hour Flash Sale that began on Tuesday, October 11 and ends today claims to be offering hefty savings on various tech products, like TVs, headphones, smartphones and more.
RTTNews | Před 1097 dny
Best Buy Slashes FY23 Comp Sales Outlook - Update

Best Buy Slashes FY23 Comp Sales Outlook - Update

While reporting financial results for the second quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) slashed its comparable sales growth guidance for the full-year 2023 and provided comparable sales growth outlook for the third quarter.
RTTNews | Před 1140 dny
Australian Market Modestly Higher In Mid-market

Australian Market Modestly Higher In Mid-market

The Australian stock market is back in the green in mid-market trading on Tuesday, after alternating across the unchanged line, reversing the losses in the previous two sessions, following the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving near the 8,900 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.
RTTNews | Před 45 minutami
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on renewed optimism over U.S.-China trade talks and optimism about further interest rate cuts amid the ongoing U.S. government shutdown along with the intensifying Russia-Ukraine war. Asian markets closed mostly lower on Monday.
RTTNews | Před 1 h 0 min