_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 alvabeat lonely beat 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: 255K times
✓ Published: 31-May-2024
👁 View: 255K 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
_alvabeat-free.webp "EBSM Electro Body Synth Music")
_lonely-beat.webp "dreamscapee - Topic")
_the-genius-way-man-united-beat-man-city-for-the-fa-cup.webp "Despite being written off after a disappointing season, Manchester United didn't just beat City in the FA Cup final, they did so brilliantly. And while his time in at the helm might soon be brought to an end, it was a tactical masterplan from Erik Ten Hag that got the better of Pep Guardiola at seemingly every turn. Adam Clery takes a look at the Dutchman's ingenuity and explains how he pulled off one of the shocks of the season.")
_bluprint-vs-fikshun.webp "The Age Of Extinction")
_dungeons-amp-degenerate-gamblers-124-official-announcement-trailer.webp "Dungeons & Degenerate Gamblers is a strategy roguelike deck-builder RPG developed by Purple Moss Collectors. Players will battle through a seedy tavern filled with gambling-addicted townspeople. Customize and create a unique deck to beat the house. Dungeons & Degenerate Gamblers is launching in 2024 for PC (Steam).")
_cyberpunk-edgerunners-124-1-hour-midtempo-ebm-dark-electro-mix.webp "Aim To Head Mix")
_system-of-a-down-39lonely-day39-dame-franois-124-k-o-124-the-voice-belgique.webp "The Voice Belgique")
⏲ 1 minute 35 seconds 👁 20.5K
_the-genius-way-man-united-beat-man-city-for-the-fa-cup.webp "Despite being written off after a disappointing season, Manchester United didn't just beat City in the FA Cup final, they did so brilliantly. And while his time in at the helm might soon be brought to an end, it was a tactical masterplan from Erik Ten Hag that got the better of Pep Guardiola at seemingly every turn. Adam Clery takes a look at the Dutchman's ingenuity and explains how he pulled off one of the shocks of the season.")
_alvabeat-free.jpg)
_lonely-beat.jpg)
_the-genius-way-man-united-beat-man-city-for-the-fa-cup.jpg)
_bluprint-vs-fikshun.jpg)
_dungeons-amp-degenerate-gamblers-124-official-announcement-trailer.jpg)
_cyberpunk-edgerunners-124-1-hour-midtempo-ebm-dark-electro-mix.jpg)
_system-of-a-down-39lonely-day39-dame-franois-124-k-o-124-the-voice-belgique.jpg)
_the-genius-way-man-united-beat-man-city-for-the-fa-cup.jpg)
![[+]](/images/menu.gif){kind=small}