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

RTTNews | 795 days ago
Stocktwits
Best Buy Guides FY23 Below Estimates; Boosts Dividend 5% - Update

(RTTNews) - 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.

On average, 28 analysts polled by Thomson Reuters expect the company to report earnings of $6.71 per share on revenues of $45.73 billion for the year. Analysts' estimates typically exclude special items.

The company also announced its board of directors approved a 5 percent increase in the regular quarterly dividend to $0.92 per share, payable on April 13, 2023, to shareholders of record as of the close of business on March 23, 2023.

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

Tags: BBY
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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 | 269 days ago
Best Buy Reiterates FY25 Outlook; Declares Dividend - Update

Best Buy Reiterates FY25 Outlook; Declares Dividend - Update

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.
RTTNews | 340 days ago
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 | 795 days ago
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 | 936 days ago
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 | 979 days ago
Indonesia Shares Due For Profit Taking On Tuesday

Indonesia Shares Due For Profit Taking On Tuesday

The Indonesia stock market has moved higher in six straight sessions, advancing more than 225 points or 3.6 percent along the way. The Jakarta Composite Index now rests just above the 6,830-point plateau although investors may lock in gains on Tuesday.
RTTNews | 20 minutes ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with weakness in iron ore miners, financial and some technology stocks partially offset by strong gains in gold miners.
RTTNews | 35 minutes ago
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