Best Buy Reiterates FY25 Outlook; Declares Dividend - Update

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Stocktwits
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

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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 | il y a 287
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 | il y a 812
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 | il y a 813
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 | il y a 953
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 | il y a 997
UK Retail Sales Growth Tops Expectations On Warm Weather

UK Retail Sales Growth Tops Expectations On Warm Weather

UK retail sales rebounded more than expected in April as good weather boosted food store sales, official data showed on Friday. A monthly survey today showed that British consumer confidence strengthened in May on hopes of easing trade tensions and the interest rate reduction by the Bank of England. Retail sales grew 1.2 percent on a monthly basis in April, following a revised 0.1 percent rise
RTTNews | il y a 4 minutes
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks may open flat to slightly higher on Friday as U.S. President Donald Trump's "big, beautiful" tax bill heads to the Senate for debate and review.
RTTNews | il y a 2h 32min
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