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."
CFOs on the Move: Week Ending July 26
AutoNation, Best Buy, Mapbox, Lithia Motors, TRI Pointe Group, Anthony & Sylvan Pools, Funko, Williams Lea
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."
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
Best Buy Q1 Earnings Solid, But Online Sales Slow
The consumer electronics retailer is holding its own in a highly competitive market.
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.
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.
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.
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.
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.
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.