Best Buy Archives - CFO

E-Commerce Powers Best Buy Sales Gain

Financial Performance

E-Commerce Powers Best Buy Sales Gain

“Products that help people work, learn, connect and cook at home, like computing, appliances and tablets, were the largest drivers of our sales growth."

By Matthew Heller | August 25, 2020

CFOs on the Move: Week Ending July 26

CFOs on the Move: Week Ending July 26

AutoNation, Best Buy, Mapbox, Lithia Motors, TRI Pointe Group, Anthony & Sylvan Pools, Funko, Williams Lea

By Joan Urdang | July 26, 2019

Best Buy CFO to Become New CEO

Best Buy CFO to Become New CEO

CFO Corie Barry will become CEO this June as part of the retailer’s efforts to provide "leadership continuity."

By Lauren Muskett | April 15, 2019

Best Buy Shares Fall On Lowered Earnings Guidance

Best Buy Shares Fall On Lowered Earnings Guidance

The retailer said it expects to earn between 79 and 84 cents per share in the current quarter, below analysts' estimates

By William Sprouse | August 28, 2018

Best Buy Q1 Earnings Solid, But Online Sales Slow

Best Buy Q1 Earnings Solid, But Online Sales Slow

The consumer electronics retailer is holding its own in a highly competitive market.

By William Sprouse | May 24, 2018

Amazon: Good for Business, Won’t Dominate World

Amazon: Good for Business, Won’t Dominate World

Companies are successfully adapting to Amazon's success and even benefiting from its presence in many ways.

By Nicholas Farhi | December 21, 2017

Best Buy 4-Year Outlook Disappoints Investors

Best Buy 4-Year Outlook Disappoints Investors

The retailer's stock has fallen 8.3% over the past two days amid concerns it will gain market share and pass through earnings from expected sales growth.

By Matthew Heller | September 20, 2017

Best Buy Comp Sales up 5.4% But Stock Dives

Financial Performance

Best Buy Comp Sales up 5.4% But Stock Dives

Investors apparently reacted to the cautionary comments of CEO Hubert Joly even though revenue and earnings beat analysts' estimates.

By Matthew Heller | August 29, 2017

Best Buy Shares Rise 21% on Big Q1 Sales Beat

Financial Performance

Best Buy Shares Rise 21% on Big Q1 Sales Beat

Same-store sales had been expected to decline but the 1.6% gain suggests Best Buy is competing effectively with Amazon.

By Matthew Heller | May 25, 2017

Best Buy Beats Profit Estimates But Sales Sag

Financial Performance

Best Buy Beats Profit Estimates But Sales Sag

The retailer's same-store sales dropped 0.7% in the fourth quarter amid weaker-than-expected demand from gamers and product outages.

By Matthew Heller | March 1, 2017

Best Buy Shares Jump 19% on Earnings Surprise

Best Buy Shares Jump 19% on Earnings Surprise

The retailer's same-store sales and profit for the second quarter beat expectations, fueled by a 23% increase in domestic online revenue.

By Matthew Heller | August 23, 2016

CFOs on the Move: Week Ending May 27

CFOs on the Move: Week Ending May 27

Vanguard, Best Buy, Xpel Technologies, Insperity, Hormel foods, ConAgra Foods, ITC Holdings, iStar, Washington Federal, Neighborhood Health Plan

By David McCann | May 27, 2016

Best Buy Forecasts Lower Profits; CFO Departing

Best Buy Forecasts Lower Profits; CFO Departing

Best Buy expects sales in the second quarter will be flat, and that non-GAAP diluted earnings per share will fall short of Wall Street's expectations.

By Katie Kuehner-Hebert | May 24, 2016

Wall Street Analysts See Bankruptcy Ahead for RadioShack

Risk Management

Wall Street Analysts See Bankruptcy Ahead for RadioShack

Wedbush Securities lowers its price target on the electronic retailer's stock to $0 and declares that "the ship is sinking."

By | September 11, 2014

Companies Using “Missing Months” to Play Accounting Tricks

Companies Using “Missing Months” to Play Accounting Tricks

A recently published academic paper sees a trend of firms using the missed months in reporting cycles to their benefit.

By Kathy Hoffelder | July 26, 2013