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BBY
Best Buy Co.

5/22/2012, 11:39 PM ET
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BBY Market Currents more »
  • 8:51 AM Behind the Best Buy (BBY) numbers: The earnings beat knocked out by the retailer was boosted by a favorable tax rate, 30.6% compared to 34.6% previous. In addition, a seemingly strong free cash flow number is blunted by factoring in the large jump in account payable to $1.2B from a $561M a year ago. Shares +0.7% premarket.
    2 Comments
    [Consumer]
  • 8:03 AM More on Best Buy (BBY): The company plans to keep a $750M-$1B share repurchase plan percolating right along - a move that NBG's Brain Sozzi calls surprising. Retail analyst Rahul Sharma also remains unconvinced about the Q1 report, saying BBY's malaise is spreading to its international segment. Shares +8.5% premarket in bouncy trading.
    Comment!
    [Consumer, On the Move]
  • 7:45 AM More on Best Buy's (BBY) Q1: Comparable-store sales down 5.3%, led lower by 10.5% fall in international sales. Domestic segment online revenue growth +20% Y/Y. Domestic segment mobile phones growth +13% Y/Y. Revenue per square foot flat compared to last year. Maintain FY13 EPS guidance of $3.50-$3.80. Shares +4.6% premarket. (PR)
    Comment!
    [Earnings, On the Move]
  • 7:35 AM Best Buy (BBY): Q1 EPS of $0.72 beats by $0.13. Revenue of $11.6B (+2% Y/Y) beats by $110M. Shares +7.9% premarket. (PR)
    Comment!
    [Breaking News, Earnings, Consumer, On the Move]
  • 12:05 AM Notable earnings before Tuesday’s open: AZO, BBY, MDT, RL, WSM
    Comment!
    [Earnings]
  • Monday 5:30 PM Notable earnings before Tuesday’s open: AZO, BBY, MDT, RL, WSM
    Comment!
    [Earnings]
  • Monday 2:58 PM Much-maligned Best Buy (BBY +0.5%) may have hit on a winning recipe in China with a plan to expand using a store-within-a-store model that avoids the untenable overhead inherent in its U.S. operations. The company will also push its technology services to small businesses - beefed up considerably with the purchase of mindSHIFT last year - as its plan to evolve out of standing chiefly as Amazon's showroom marches forward.
    Comment!
    [Consumer]
BBY in Focus more »
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BBY Press Releases and Filings more »
BBY Instablog posts more »
  • Barchart Morning Call 5/22
    Tue, May 22 • Jim Van Meerten • Comment!
  • STOCKS ATTEMPT TO RALLY
    Thu, May 10 • David Fry • Comment!
  • My Long-Term, Enhanced Investing-For-Income Strategy Discussion And Concentrator Blog
    Sun, May 6 • K202 • 17 Comments
  • Best Buy's Best Days Are Ahead
    Wed, Apr 18 • guest7 • Comment!
  • Why Sears Is On Its Last Legs-MSN Money
    Wed, Apr 18 • Tim Travis • Comment!
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Company Description

We are a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. We operate retail stores and Web sites under a variety of brand names such as Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com,... More

Sector: Services
Industry: Electronics Stores
Country: United States