_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 online ammo sales 38 special 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
_38.webp "38 from online ammo sales 38 special")
_quick-tip-the-do39s-amp-don39ts-of-ammo-storage.webp "Brownells, Inc.")
_don39t-make-this-ammo-stockpiling-mistake.webp "Magic Prepper")
_the-ammo-that-blew-up-in-my-face.webp "Donkey Defense")
_never-leave-ammo-in-cardboard.webp "RangeDayBro")
_38.webp "38 from online ammo sales 38 special")
_4-things-to-never-buy-at-a-gun-show.webp "Practical Accuracy")
_38.jpg)
_quick-tip-the-do39s-amp-don39ts-of-ammo-storage.jpg)
_don39t-make-this-ammo-stockpiling-mistake.jpg)
_the-ammo-that-blew-up-in-my-face.jpg)
_never-leave-ammo-in-cardboard.jpg)
_38.jpg)
_4-things-to-never-buy-at-a-gun-show.jpg)
![[+]](/images/menu.gif){kind=small}