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Best Buy's new CEO surprises investors with peculiar plan
TheStreet2d agobullish
Best Buy's new CEO surprises investors with peculiar plan

Best Buy (BBY) has spent years trying to shake off a sales slump, and its next leader thinks part of the answer is smaller buildings. Jason Bonfig, who becomes Best Buy's sixth chief executive on November 1, told CNBC that he wants to open compact stores in towns and neighborhoods that its ...

Best Buy (BBY) Stock Still Trades At A Discount On Earnings
Simply Wall St.28d agobullish
Best Buy (BBY) Stock Still Trades At A Discount On Earnings

Best Buy stock has delivered a 15.0% return over the past year, yet its valuation checks still suggest the shares lean cheap rather than fully priced in. With the stock recently closing at US$78.72, investors are weighing how much of that performance is already reflected in the current multiples. Over the last 1 year, Best Buy has returned 15.0%, which puts a spotlight on whether the recent gain is supported by fundamentals. For Best Buy, expectations around how reliably it can convert sales...

Best Buy bets big on controversial partner
TheStreet56d agobullish
Best Buy bets big on controversial partner

It wasn’t all that long ago that smart glasses and VR headsets felt like something straight out of an episode of an episode “The Jetsons” or a science fiction novel, not something you could find on store shelves. Now, not only can you buy these wearable computers, but you can actually try them on ...

Best Buy (BBY) Q1 2027 Earnings Transcript
Motley Fool67d agobullish
Best Buy (BBY) Q1 2027 Earnings Transcript

Joining me on the call today are Corie Barry, our CEO; Matt Bilunas, our Chief Financial and Strategy Officer; and Jason Bonfig, our Chief Customer, Product and Fulfillment Officer. During the call today, we will be discussing both GAAP and non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures and an explanation of why these non-GAAP financial measures are useful can be found in this morning's earnings release, which is available on our website, investors.bestbuy.com.

Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowflake, Viper Energy, and More
24/7 Wall St.68d agobullish
Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowflake, Viper Energy, and More

Pre-Market Stock Futures: Futures are trading higher after yet another winning day for Wall Street, as all major indices finished the day higher after starting the session lower. Once again, all four indices we track for readers posted all-time highs as the AI/Data Center, Memory Chip rally continues to roll on. Healthcare and consumer stocks ... Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowfl

Best Buy Surges on Earnings. Its 5% Yield Looks Even Better
Barrons.com68d agobullish
Best Buy Surges on Earnings. Its 5% Yield Looks Even Better

Best Buy is known for its laptops and smartphones. Best Buy stock surged nearly 17% Thursday after the electronics chain reported first-quarter operating earnings of $1.28 a share, up from $1.15 a year earlier—helped by higher margins and a 2% bump in same-store sales. Best Buy, meanwhile, stoked the uncertainty further when it announced in April that CEO Corie Barry would step down Oct. 31, to be replaced by longtime company veteran Jason Bonfig.

Best Buy Q1 Earnings Call Highlights
MarketBeat69d agobullish
Best Buy Q1 Earnings Call Highlights

Best Buy (NYSE:BBY) reported better-than-expected first-quarter fiscal 2027 results, with comparable sales rising 2% from a year earlier and adjusted earnings per share increasing 11%, executives said on the company’s earnings call. CEO Corie Barry said the retailer generated revenue of $8.9 billio

Best Buy stock pops on first quarter earnings beat
Proactive69d agobullish
Best Buy stock pops on first quarter earnings beat

Best Buy Co Inc (NYSE:BBY) shares jumped 17% after the retailer’s first quarter earnings topped Wall Street expectations and the company reaffirmed its full-year outlook. The company reported adjusted earnings per share of $1.28, topping analyst estimates of $1.22, while total revenue rose to...

Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth
Reuters69d agobullish
Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth

U.S. electronics retailer Best Buy forecast second-quarter sales above Wall Street expectations after beating Q1 estimates on Thursday, amid steady demand for ‌laptops and smartphones and growth in its ads and marketplace channels. CEO Corie ‌Barry is set to step down at the end of October and will be succeeded by Jason Bonfig, ​a company veteran who is expected to focus on expanding its higher-margin advertising and marketplace businesses. Best Buy has been "scaling new profit ⁠streams like Best Buy Ads and Marketplace that we expect to provide considerable benefit over time," Barry said.