Seeking Alpha

Piper Jaffray sees upside for Best Buy in 2H

  • Piper Jaffray backs its Buy rating on Best Buy (NYSE:BBY) heading into the retailer's Q2 earnings release next week.
  • The investment firm expects a negative BBY comp, but sees some gross margin improvement.
  • Things may get easier in Q3 and Q4 for Best Buy when it starts to lap easier comps and with an iPhone launch scheduled.
Comments (1)
  • Manitobatex
    , contributor
    Comments (838) | Send Message
     
    As I have said before and will reiterate that BEST BUY needs to concentrate on sales of major appliances. BEST BUY has lost a large market to Home Depot and Lowe's and they now need to work at regaining this important area in the retail market because this would increase in store traffic that certainly would boost sales in all other departments even if it means reducing profit margins.
    22 Aug 2014, 09:43 AM Reply Like
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