_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 miss brazil world miss sports jpg 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
_albania-vs-liechtenstein-3-0-highlights-international-friendly-2024-ernest-mui-goal.webp "Albania vs Liechtenstein 3-0 Highlights International Friendly 2024Ernest Muçi Goal")
_brazil-julia-gama-contestant-profile-miss-world-2014.webp "Miss World")
_miss-brazil-introduction.webp "Miss u0026 Mister Supranational Official")
_little-miss-songs-a-surprise-for-you-little-miss-surprise39s-song.webp "A Surprise For You - Thank You Song - Kids Song from Treetop Family - Super Simple Songs<br/>https://www.youtube.com/watch?v=KdHViSpdGTk")
_miss-brazil-world-2019-els-miele-coelho-miss-mundo-americas-pageant-speech.webp "Akv Ramu")
⏲ 7 minutes 32 seconds 👁 334
_dragon-prince-yuan-ep-4-eng-sub.webp "This planet, Tianyuan Realm, is owned by Origin Qi and is majestic and majestic. Origin Qi has the power to shift mountains, overturn seas, overturn the sky, and rule the universe of Yin and Yang. It is an adaptation of Tiancan Tudou's novel of the same name. An enemy nation with hundreds of millions of people threatened Zhou Yuan, a young man from the Great Zhou Dynasty.The dragon was \")
_brazil-jssica-carvalho-contestant-introduction-miss-world-2018.webp "Miss World")
_brazil-v-s-usa-124-miss-universe-2010-2019-124-beauty-decade.webp "Beauty Pageant - Tờ Nú TV")
_albania-vs-liechtenstein-3-0-highlights-international-friendly-2024-ernest-mui-goal.jpg)
_brazil-julia-gama-contestant-profile-miss-world-2014.jpg)
_miss-brazil-introduction.jpg)
_little-miss-songs-a-surprise-for-you-little-miss-surprise39s-song.jpg)
_miss-brazil-world-2019-els-miele-coelho-miss-mundo-americas-pageant-speech.jpg)
_dragon-prince-yuan-ep-4-eng-sub.jpg)
_brazil-jssica-carvalho-contestant-introduction-miss-world-2018.jpg)
_brazil-v-s-usa-124-miss-universe-2010-2019-124-beauty-decade.jpg)
![[+]](/images/menu.gif){kind=small}