Best Buy Co: Q1 Earnings Insights

Shares of Best Buy Co BBY rose 1.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 34.31% year over year to $0.67, which beat the estimate of $0.60.

Revenue of $8,562,000,000 declined by 6.34% from the same period last year, which beat the estimate of $8,350,000,000.

Looking Ahead

Best Buy Co hasn't issued any earnings guidance for the time being.

Best Buy Co hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 21, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.bestbuy.com%2Finvestor-relations%2Foverview%2Fdefault.aspx&eventid=2156733&sessionid=1&key=89506D6C3AB9F755F0C9718D9751AEE3&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $91.99

Company's 52-week low was at $48.10

Price action over last quarter: Up 7.93%

Company Profile

Best Buy is one of the largest consumer electronics retailers in the U.S., with product and service sales representing 9.3% of the $450 billion in personal consumer electronics and appliances expenditures in calendar 2018 based on estimates from the U.S. Bureau of Economic Analysis. The company is focused on accelerating online sales growth, improving its multichannel customer experience, launching new in-store and in-home service offerings, optimizing its U.S., Canada, and Mexico retail store square footage, lowering cost of goods sold through supply-chain efficiencies, and reducing selling, general, and administrative costs.