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Best Buy Stock News
$69.18
3.36%
NYSE,
Jan 02, 10:15 pm CET
Why the stock moved Beta
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Best Buy (BBY) stock has decreased by 15.1% over the past 21 trading days. This recent decline has raised fresh worries regarding cautious Q4 guidance and reduced consumer spending; however, significant downturns like this frequently provoke a more difficult question: is the decline a transient issue, or does it indicate more significant problems within the company?
Best Buy has demonstrated resilience, beating Q3 FY'26 earnings estimates and delivering double-digit EPS growth amid persistent macro headwinds. BBY's comparable store sales rose 2.7%, reversing last year's decline, with segment performance and international growth notably improving. Domestic revenue grew 2.1% to $8.9B, though margins remain pressured; international revenue surged 6.1% with ma...
MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. has appointed Dylan Jadeja, the chief executive officer of Riot Games, to its Board of Directors, effective immediately. Jadeja has served as the chief executive officer of Riot Games since July 2023 and has been a member of its executive team for more than a decade. Riot Games, a prominent video game developer and publisher, was founded in 2006 ...
Best Buy Marketplace and Best Buy Ads are on to a strong start. Over the years, this can help improve margins. Both Domestic and International Comp Sales have been improving for multiple quarters. BBY's drive to reduce SG&A expenses through automation and AI seems to be working.
As businesses dive into Black Friday following a year upended by tariffs, the rule seems to be that the bigger you are, the more optimistic you feel.
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