_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 big electronics 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
_our-showroom-big-5-electronics.webp "Big 5 Electronics")
_best-car-audio-value-big-5-electronics.webp "Big 5 Electronics")
_apple-stock-price-a-steady-rise-to-the-top.webp "Apple Inc., a global leader in the consumer electronics industry, has firmly established itself as a synonym for innovation and quality. From iPhones to MacBooks, Apple products are highly sought after, and this reputation, along with consistent financial performance, has made Apple stock a prime investment. In this article, we delve into the history of Apple stock price, its recent performance, and the key factors driving its trajectory.<br/>https://webclod.com/apple-stock-price-a-steady-rise-to-the-top/<br/><br/>⚡ New⚡ web site: https://www.webclod.com<br/> Hello!. WebClod is a YouTube channel that delivers the latest news and updates in the world of technology. Packed with content covering innovative technologies, smart devices, software developments, and every aspect of the digital world, our channel is an essential source for tech enthusiasts.<br/><br/>In each video, we provide detailed information about the latest trends and developments in the industry, along with reviews of newly released products. Additionally, we offer practical tips, tricks, and guides related to technology to provide our viewers with useful insights.<br/><br/>Subscribe to WebClod and join us on the exciting journey through the digital world, where you can explore everything related to technology! <br/>#Technology #TechNews #Gadgets #Innovation #Software #DigitalWorld #Reviews #ProductReviews #TechReviews #TipsAndTricks #Guides #HowTo #TechTrends #LatestTech #TechEnthusiast #YouTubeChannel #WebClod #DigitalLife #SmartDevices #TechUpdates #NewTech<br/>----------------------------------------------------------<br/> For Advertising and Collaboration <br/>➤ Mail:Arif@webclod.com<br/>➤ İnstagram: https://www.instagram.com/webclod<br/>➤ Gmail : arifmehreli@gmail.com <br/><br/>Ticket:<br/>Technology, TechNews, Gadgets, Innovation, Software, DigitalWorld, Reviews, ProductReviews, TechReviews, TipsAndTricks, Guides, HowTo, techTrends, LatestTech TechEnthusiast youTubeChannel WebClod #DigitalLife SmartDevices, TechUpdates, NewTech,")
_our-warehouse-big-5-electronics.webp "Big 5 Electronics")
_wisdome-share-smart-cloud-led-tv-service-menu-factory-setting.webp "Wisdome Share Smart Cloud LED TV Service Menu Code and Factory Setting Details in Urdu/Hindi Language")
_moving-day-vlog-s2-e3-how-big-of-a-truck-do-we-need-for-all-the-milwaukee-tools-amp-packouts.webp "JakeOfALL")
⏲ 20 minutes 34 seconds 👁 197
_copper-pipe-made-into-a-studio-delay-that-runs-at-the-speed-of-sound.webp "LOOK MUM NO COMPUTER")
_tanjim-saiara-totini.webp "Bily Bazaar is Bangladesh's Number One #1 e-commerce seller site and top online shop for Fashion, Electronics, Mobile Phones and many more!...<br/><br/>")
_our-showroom-big-5-electronics.jpg)
_best-car-audio-value-big-5-electronics.jpg)
_apple-stock-price-a-steady-rise-to-the-top.jpg)
_our-warehouse-big-5-electronics.jpg)
_wisdome-share-smart-cloud-led-tv-service-menu-factory-setting.jpg)
_moving-day-vlog-s2-e3-how-big-of-a-truck-do-we-need-for-all-the-milwaukee-tools-amp-packouts.jpg)
_copper-pipe-made-into-a-studio-delay-that-runs-at-the-speed-of-sound.jpg)
_tanjim-saiara-totini.jpg)
![[+]](/images/menu.gif){kind=small}