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Tag: Corie Barry

Best Buy largely missed earnings estimates as consumers remained cautious about home appliances and electronics

Posted on | Posted on Taylor Reeves | Leave a Comment on Best Buy largely missed earnings estimates as consumers remained cautious about home appliances and electronics
Best Buy largely missed earnings estimates as consumers remained cautious about home appliances and electronics

Even artificial intelligence couldn’t offset weakening consumer demand at Best Buy (BBY). For the 12th consecutive quarter, the retailer reported negative same-store sales growth, down 2.9% year-over-year versus estimates of 0.92%. Net sales of $9.45 billion and adjusted earnings per share of $1.26 also fell short of expectations of $9.63 billion and $1.29 per share, […]