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MarketScreener Homepage  >  Equities  >  Nyse  >  Best Buy Co., Inc    BBY

BEST BUY CO., INC

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Best Buy : fails to hit quarterly sales estimates

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08/30/2019 | 01:21am EST

BEST Buy yesterday reported a smaller-than-expected rise in quarterly same-store sales, as the biggest US consumer electronics retailer sold fewer video game consoles and other entertainment products.

Best Buy's overall same-store sales rose 1.6 per cent in the second quarter ended 3 August.

Analysts on average had expected a 2.15 per cent increase, according to IBES data from Refinitiv.

Revenue rose to $9.54bn (£7.8bn) from $9.38bn, a touch below expectations of $9.56bn.

The company also narrowed its full year sales forecast to a range of $43.1bn to $43.6bn, from a $42.9bn to $43.9bn range, citing planned further increases in US tariffs on Chinese goods.

Internationally, same-store sales fell 1.9 per cent, while revenue dropped 3.4 per cent to $715m.

The company said the decline was driven primarily by sales in Canada.

Best Buy said it repurchased $230m in stock during the quarter.

Reuters

(c) 2019 City A.M., source Newspaper

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Financials (USD)
Sales 2020 43 481 M
EBIT 2020 2 077 M
Net income 2020 1 510 M
Debt 2020 150 M
Yield 2020 2,27%
P/E ratio 2020 15,8x
P/E ratio 2021 14,7x
EV / Sales2020 0,53x
EV / Sales2021 0,51x
Capitalization 23 101 M
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Technical analysis trends BEST BUY CO., INC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 86,71  $
Last Close Price 89,27  $
Spread / Highest target 13,1%
Spread / Average Target -2,87%
Spread / Lowest Target -31,7%
EPS Revisions
Managers
NameTitle
Corie Sue Barry Chief Executive Officer & Director
Rajendra Michael Mohan President & Chief Operating Officer
Hubert Joly Executive Chairman
Matthew Bilunas Chief Financial Officer
Brian Tilzer Chief Digital & Technology Officer
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