Reports Q2 revenue $9.29B, consensus $9.24B. Reports Q2 comparable store sales down 2.3%. “Today we are reporting better-than-expected sales and profitability results for the second quarter,” said Corie Barry, Best Buy CEO. “We delivered strong results in our Domestic tablet and computing categories, which together posted comparable sales growth of 6% versus last year. With our market position, expert sales associates and compelling merchandising, we capitalized on the demand driven by customers’ desire to replace or upgrade their products combined with new innovation.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- Options Volatility and Implied Earnings Moves Today, August 29, 2024
- Is BBY a Buy, Before Earnings?
- Options Volatility and Implied Earnings Moves This Week, August 26 – August 30, 2024
- Best Buy added to Tactical Underperform List at Evercore ISI
- Jefferies: Best Buy (NYSE:BBY) Could Be a Winner This Holiday
