_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 mobile electronics speech 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
Related Videos
_talking-about-technology-124-comparing-the-past-and-the-present-124-how-to-talk-about-mobile-phones.webp "Learn English by Pocket Passport")
⏲ 2 minutes 6 seconds 👁 32.2K
_2012-mobile-electronics-magazine-installer-of-the-year-acceptance-speech-by-jeremy-carlson.webp "ExtremePerformance04")
⏲ 6 minutes 58 seconds 👁 85
_starmer-concedes-oil-and-gas-will-be-vital-for-decades.webp "Labour leader Sir Keir Starmer has acknowledged that oil and gas will remain integral to the energy landscape for years to come. During a speech in Scotland, he emphasised a commitment to maintaining existing licences. Starmer highlighted the potential for tens of thousands of new jobs stemming from the transition to renewable energy, positioning Scotland as a central hub. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_the-1984-macphone-for-apple-macintosh-computers.webp "LGR")
_fat-joe-takes-the-platform-at-graduation-to-share-secrets-of-success.webp "Joe took to the podium to share the secrets of success with the graduates -- the key is not to let age be a deterrent, he says.")
_how-to-use-live-speech-on-iphone.webp "Saunders Tech")
_the-impact-of-technology-on-communication-124-grant-dillard-124-tedxbrentwoodcollegeschool.webp "TEDx Talks")
⏲ 11 minutes 52 seconds 👁 78.2K
_inspirational-one-minute-speech-by-kroos-captures-the-essence-of-real-madrid39s-timeless-greatness.webp "Inspirational one-minute speech by Kroos captures the essence of Real Madrid's timeless greatness from mobile electronics speech")
⏲ 1:0 👁 4.8M
_talking-about-technology-124-comparing-the-past-and-the-present-124-how-to-talk-about-mobile-phones.jpg)
_2012-mobile-electronics-magazine-installer-of-the-year-acceptance-speech-by-jeremy-carlson.jpg)
_starmer-concedes-oil-and-gas-will-be-vital-for-decades.jpg)
_the-1984-macphone-for-apple-macintosh-computers.jpg)
_fat-joe-takes-the-platform-at-graduation-to-share-secrets-of-success.jpg)
_how-to-use-live-speech-on-iphone.jpg)
_the-impact-of-technology-on-communication-124-grant-dillard-124-tedxbrentwoodcollegeschool.jpg)
_inspirational-one-minute-speech-by-kroos-captures-the-essence-of-real-madrid39s-timeless-greatness.jpg)
![[+]](/images/menu.gif){kind=small}