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Best Buy Co. (BBY)

- NYSE
  • Tue, Aug. 25, 7:18 AM
    • Best Buy (NYSE:BBY) recorded a strong 3.8% increase in comparable-store sales in Q2, led by a 17% rise in the online sales comp. Analyst expected a mark closer to 1%.
    • The company saw another sharp drop in international sales during Q2 amid store closures and F/X pressure. Sales were down 26% to $650M.
    • International gross profit rate +50 bps to 23.4%.
    • Domestic segment revenue +3.9% to $7.88B.
    • Domestic comparable-store sales were up 2.7% as installment billing contributed positively. The comp for appliances was +21%.
    • Domestic gross profit rate +130 bps to 24.7%.
    • Consolidated gross profit rate +120 bps 24.6%. Consolidated operating income +70 bps to 3.4%.
    • Previously: Best Buy beats by $0.15, beats on revenue
    • BBY +11.4% premarket to $32.60.
    | 3 Comments
  • Tue, Aug. 25, 7:02 AM
    • Best Buy (NYSE:BBY): Q2 EPS of $0.49 beats by $0.15.
    • Revenue of $8.53B (+0.8% Y/Y) beats by $240M.
    • Shares +5.87% PM.
    • Press Release
    | Comment!
  • Mon, Aug. 24, 5:30 PM
  • Thu, May 21, 10:04 AM
    • Best Buy (BBY +4.6%) sees flat to low single-digit domestic revenue growth in Q2.
    • International sales are expected to fall 30% to 35% during the period on a reduced store count.
    • Customer retention rate was a major focus from management during the call. The company expects to hold on to customers despite store closings.
    • Execs said drivers of P&L improvement are SG&A tightening, focused marketing, and strategic tech investments
    • Categories showing strength beyond expectations include "iconic" phones, large screen TVs, and major appliances/
    • Previously: Best Buy beats by $0.08, beats on revenue (May. 21 2015)
    • Previously: Best Buy pops after earnings crusher (May. 21 2015)
    • Earnings call webcast
    | 1 Comment
  • Thu, May 21, 7:16 AM
    • Sales in Best Buy's (NYSE:BBY) international segment fell to $668M in Q1.
    • Domestic segment revenue +1.4% to $7.89B
    • Domestic comparable-store sales were up 0.6% with a new installment billing program contributing130 bps of growth.
    • Domestic gross profit rate +120 bps to 22.7%.
    • International gross profit rate -220 bps to 23.8%.
    • Consolidated GAAP operating income rate -140 bps to 1.0%.
    • Previously: Best Buy beats by $0.08, beats on revenue
    • BBY +9.5% premarket.
    | 3 Comments
  • Thu, May 21, 7:02 AM
    • Best Buy (NYSE:BBY): Q1 EPS of $0.37 beats by $0.08.
    • Revenue of $8.56B (-0.9% Y/Y) beats by $100M.
    • Press Release
    | 3 Comments
  • Wed, May 20, 5:30 PM
  • Sun, Mar. 29, 4:18 AM
    • Best Buy (NYSE:BBY) plans to close some stores and consolidate its operations in Canada, in a move that will hurt its earnings by $0.10-$0.20 this year.
    • Costing about $200M-$280M in restructuring charges, Best Buy said it will close 66 of its Future Shop stores in Canada and convert 65 of them into Best Buy outlets.
    • The retailer also announced plans to spend $160M to improve its Canadian online operations, increase staffing at its remaining stores, and launch a range of home appliances.
    | 16 Comments
  • Tue, Mar. 3, 7:34 AM
    • Best Buy (NYSE:BBY) reports revenue in its domestic segment increased 3.2% to $12.697B during Q4.
    • Comps were up over 2% with demand for TVs a positive factor.
    • International segment sales -12.4% to $1.512B.
    • Sales of tablets and revenue from services were lower during the quarter.
    • Domestic online revenue +9.7% to $1.72B - a deceleration from previous quarters.
    • Domestic gross profit rate +120 bps to 21.2%.
    • International gross profit rate flat at 21.7%.
    • Operating income rate +250 bps to 5.7%.
    • Previously: Best Buy set capital allocation plans
    • Previously: Best Buy beats by $0.13, misses on revenue
    • BBY +4.22% premarket.
    | Comment!
  • Tue, Mar. 3, 7:03 AM
    • Best Buy (NYSE:BBY): Q4 EPS of $1.48 beats by $0.13.
    • Revenue of $14.21B (+1.3% Y/Y) misses by $140M.
    • Press Release
    | Comment!
  • Mon, Mar. 2, 5:30 PM
  • Nov. 20, 2014, 10:26 AM
    • Shares of Best Buy (BBY +7.4%) rally to their highest level since January after the company's earnings report and guidance satisfies.
    • The earnings call was a little bit uneven with management making a solid case that the Best Buy turnaround was picking up steam, but also warning on product shipments and pricing on some electronics.
    • Execs cleared up that specialized customer service reps showing up in its stores are Best Buy employees and not 3rd-party personnel.
    • The company doesn't face the same number of impediments in selling mobile installment plans that it did a year ago which could help boost the Q4 comp.
    • Best Buy earnings call webcast
    | Comment!
  • Nov. 20, 2014, 7:07 AM
    • Best Buy (NYSE:BBY): Q3 EPS of $0.32 beats by $0.07.
    • Revenue of $9.38B (+0.5% Y/Y) beats by $270M.
    • Press Release
    | 3 Comments
  • Nov. 19, 2014, 5:30 PM
  • Aug. 26, 2014, 7:14 AM
    • Best Buy (NYSE:BBY) reports comparable-store sales fell 2.0% in FQ1 on continued weakness in the consumer electronics category.
    • Comparable online sales +22%.
    • International comparable-store sales -6.7%.
    • Domestic gross profit rate -390 bps to 23.4%, overall -340 bps to 23.1%.
    • Domestic SG&A expense ratio -180 bps to 20.1%, overall -160 bps to 20.4%.
    • Inventory +2.7% to $5.583B.
    • BBY +3.2% premarket
    | Comment!
  • Aug. 26, 2014, 7:01 AM
    • Best Buy (NYSE:BBY): Q2 EPS of $0.44 beats by $0.13.
    • Revenue of $8.89B (-4.0% Y/Y) misses by $100M.
    • Press Release
    | Comment!
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Company Description
Best Buy Co Inc is a retailer of technology products, including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.
Sector: Services
Country: United States