_best-buy39s-q1-earnings-disappoint-on-revenue-miss-amid-soft-demand-for-consumer-electronics.jpg "Best Buy's Q1 Earnings Disappoint on Revenue Miss Amid Soft Demand for Consumer Electronics from skyline jump Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:32
👁 View: 260K times
✓ Published: 31-May-2024
👁 View: 260K times
✓ Published: 31-May-2024
Description:
Best Buy reported fiscal first quarter earnings that missed revenue estimates but beat on EPS and reaffirmed full-year guidance. Comparable sales and online sales fell over 6% overall as demand for consumer electronics remained soft. Profits were supported by cost-cutting measures like layoffs and trimmed capital expenditures. The company expects sales trends to improve over the next 3 quarters gradually but macro headwinds from inflation remain a challenge. Shares jumped 10% on the results.
Best Buy reported fiscal first quarter earnings that missed revenue estimates but beat on EPS and reaffirmed full-year guidance. Comparable sales and online sales fell over 6% overall as demand for consumer electronics remained soft. Profits were supported by cost-cutting measures like layoffs and trimmed capital expenditures. The company expects sales trends to improve over the next 3 quarters gradually but macro headwinds from inflation remain a challenge. Shares jumped 10% on the results.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_wingsuit-flying-formation-in-9234the-crack9234-124-miles-above-3-0.webp "Red Bull")
_skydiving-over-the-bahamas-best-jumps-of-2018.webp "Skydiving in Paradise")
_18-game-of-love-2022-english-movie.webp "18+ Game of Love (2022) English Movie")
_skyline-3-miles-of-flow-and-jumps-at-snowshoe-bike-park-full-trail-4k.webp "Long Strange Trail")
⏲ 6 minutes 56 seconds 👁 11.9K
_abercrombie-amp-fitch-ceo-plans-to-expand-with-men39s-suit-collection-after-women39s-wedding-attire-success.webp "Abercrombie & Fitch CEO Fran Horowitz wants to capitalize on the success of the company's women's wedding attire business by launching a new men's suit collection. The company's first quarter same-store sales rose by double digits for both its Abercrombie & Fitch and Hollister brands, beating analyst estimates. Profit margins also expanded significantly. Analysts were impressed with Abercrombie & Fitch's ability to sell products at full price and control inventory in the current retail environment. The company plans to open more stores in the US by the end of the year and ramp up growth initiatives in international markets like Germany and the UK. Shares of Abercrombie & Fitch jumped 22%.")
⏲ 0:41 👁 305K
_turbolenza-we-are-not-crazy-we-are-amazing.webp "TURBOLENZA")
_nissan-skyline-dyno-jump-off.webp "How To Fu")
_18-locked-up-2017-hollywood-unrated-movie.webp "Locked Up (2017) UNRATED Hollywood Movie")
_wingsuit-flying-formation-in-9234the-crack9234-124-miles-above-3-0.jpg)
_skydiving-over-the-bahamas-best-jumps-of-2018.jpg)
_18-game-of-love-2022-english-movie.jpg)
_skyline-3-miles-of-flow-and-jumps-at-snowshoe-bike-park-full-trail-4k.jpg)
_abercrombie-amp-fitch-ceo-plans-to-expand-with-men39s-suit-collection-after-women39s-wedding-attire-success.jpg)
_turbolenza-we-are-not-crazy-we-are-amazing.jpg)
_nissan-skyline-dyno-jump-off.jpg)
_18-locked-up-2017-hollywood-unrated-movie.jpg)
![[+]](/images/menu.gif){kind=small}