_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 support link 3 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
_israel-attack-on-rafah-swara-bhaskar-samantha-celebs-palestine-support.webp "Israel attack on Rafah: From Swara to Samantha, these Indian celebs show support for Palestine. watch Video to know more <br/> <br/>#IsraelAttackRafah #IsraelGaza #BollywoodCelebsOnRafah #RafahAttack <br/>~PR.132~")
⏲ 3:12 👁 2M
_support-link-bboy-battle-round-3.webp "Mr Sam")
_top-5-new-meta-loadouts-in-rebirth-island-warzone-season-4-best-class-setups.webp "Swagg")
⏲ 13 minutes 16 seconds 👁 68.5K
_subhashree-sahu-mms-telegram-link.webp "Subhashree Sahu mms Telegram Link<br/><br/>*Link full video bellow ⤵️⤵️⤵️*<br/> ➤► OPEN VIDEO https://shorturl.at/AbWEa<br/> ➤► OPEN VIDEO https://shorturl.at/yLRU7<br/> ➤► OPEN VIDEO https://shorturl.at/dmwS0<br/><br/>mms,<br/>subhashree sahu mms,<br/>india general elections 2024,<br/>shubha shree,<br/>subha shree sahu,<br/>subhashree sahu leaked,<br/>subhashree sahu leaked shubhasree sahu shubhasree shubha sree subha shree sahu leaked ,subhashree sahu case subhashree sahu season 2,")
_speaker-johnson-makes-bold-prediction-after-trump-conviction.webp "Fox News")
_jason-kelce-supports-wife-following-harrison-butker-speech-we-are-equals.webp "Jason Kelce responded to a post that labeled his wife, Kylie Kelce, as a 'homemaker,' asserting that she is much more than that in his eyes. This comes in the wake of Kansas City Chiefs place kicker Harrison Butker’s controversial commencement speech at Benedictine College, where he suggested that most women graduates were likely more excited about marriage and motherhood than their careers. The speech received backlash for undermining women's academic achievements. An X user criticized Kelce for not supporting Butker and for allegedly having a messy home, to which Kelce responded by emphasizing that he views his wife as an equal partner rather than just a homemaker. He clarified that while he respects those who identify as homemakers, it doesn't reflect their family dynamic.")
_everyone-was-wrong-about-this-card-yu-gi-oh.webp "yacine656")
_real-estate-agents-are-running-out-of-money.webp "Michael Bordenaro")
_israel-attack-on-rafah-swara-bhaskar-samantha-celebs-palestine-support.jpg)
_support-link-bboy-battle-round-3.jpg)
_top-5-new-meta-loadouts-in-rebirth-island-warzone-season-4-best-class-setups.jpg)
_subhashree-sahu-mms-telegram-link.jpg)
_speaker-johnson-makes-bold-prediction-after-trump-conviction.jpg)
_jason-kelce-supports-wife-following-harrison-butker-speech-we-are-equals.jpg)
_everyone-was-wrong-about-this-card-yu-gi-oh.jpg)
_real-estate-agents-are-running-out-of-money.jpg)
![[+]](/images/menu.gif){kind=small}