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Best Buy Co., Inc. (BBY)

NYSE - Nasdaq Real Time Price. Currency in USD
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78.86+6.96 (+9.68%)
As of 10:35AM EDT. Market open.
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Trade prices are not sourced from all markets
Previous Close71.90
Open77.95
Bid78.20 x 800
Ask78.59 x 800
Day's Range77.40 - 81.08
52 Week Range62.30 - 86.11
Volume5,636,107
Avg. Volume2,930,029
Market Cap17.062B
Beta (5Y Monthly)1.52
PE Ratio (TTM)13.88
EPS (TTM)5.68
Earnings DateMay 30, 2024
Forward Dividend & Yield3.76 (5.23%)
Ex-Dividend DateMar 20, 2024
1y Target Est83.93
  • Yahoo Finance Video

    Best Buy 'controlled what they could' in Q1: Analyst

    Best Buy (BBY) reported its first quarter results, reiterating its full-year forecast despite witnessing a 6.1% decline in comparable sales. Loop Capital Markets Managing Director Anthony Chukumba joins Morning Brief to analyze the results. Chukumba notes that Best Buy's offerings are "largely discretionary," and with consumers already grappling with higher costs for essential items due to inflation, "maybe you don't need to buy that new 60-inch television." However, he acknowledges that the company did a "really good job controlling what they could control," as evidenced by the year-over-year increase in operating margins and earnings. As Best Buy aims to integrate generative AI into its operations, Chukumba expresses optimism, stating, "I do think that product innovation and hopefully a better macro environment will help them as the year progresses." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Yahoo Finance

    Best Buy posts disappointing sales for Q1, as consumers pull back on appliances, electronics

    The electronics retailer reported mixed Q1 results, amid softening consumer demand after the pandemic.

  • Barrons.com

    Best Buy’s Sales Fall as Consumers Pull Back

    Best Buy’s fiscal first-quarter earnings beat estimates, but the consumer-electronics retailer posted softer-than-expected sales because Americans are still wary of splurging on pricey items. Best Buy reported adjusted earnings of $1.20 a share for the quarter ended May 4, ahead of analysts’ expectations of $1.08 a share, according to FactSet. Same-store sales fell by 6.1%, worse than projections for a 4.9% decline.