Best Buy Co Inc (NYSE:BBY) shares are trading lower in premarket on Tuesday.
The company reported a fourth-quarter sales decline of 4.8% year-on-year to $13.948 billion, beating the analyst consensus estimate of $13.702 billion.
Domestic revenue decreased 5.2% Y/Y and International revenue decreased 0.2%. Enterprise comparable sales increased 0.5%.
Gross profit fell 2.8% Y/Y to $2.9 billion, with the margin expanding 40 basis points to 20.9%. Operating margin contracted 220 basis points to 1.6%. Operating income for the quarter fell 61.3% to $217 million.
Non-GAAP EPS of $2.58 beat the analyst consensus of $2.40.
Best Buy held $1.57 billion in cash and equivalents as of February 1. Operating cash flow for the twelve months totaled $2.1 billion.
Also Read: Grocery Giant Albertsons Names Susan Morris As …
Full story available on Benzinga.com
Best Buy Co Inc (NYSE:BBY) shares are trading lower in premarket on Tuesday.
The company reported a fourth-quarter sales decline of 4.8% year-on-year to $13.948 billion, beating the analyst consensus estimate of $13.702 billion.
Domestic revenue decreased 5.2% Y/Y and International revenue decreased 0.2%. Enterprise comparable sales increased 0.5%.
Gross profit fell 2.8% Y/Y to $2.9 billion, with the margin expanding 40 basis points to 20.9%. Operating margin contracted 220 basis points to 1.6%. Operating income for the quarter fell 61.3% to $217 million.
Non-GAAP EPS of $2.58 beat the analyst consensus of $2.40.
Best Buy held $1.57 billion in cash and equivalents as of February 1. Operating cash flow for the twelve months totaled $2.1 billion.
Also Read: Grocery Giant Albertsons Names Susan Morris As …
Full story available on Benzinga.com
Best Buy Co Inc (NYSE:BBY) shares are trading lower in premarket on Tuesday.
The company reported a fourth-quarter sales decline of 4.8% year-on-year to $13.948 billion, beating the analyst consensus estimate of $13.702 billion.
Domestic revenue decreased 5.2% Y/Y and International revenue decreased 0.2%. Enterprise comparable sales increased 0.5%.
Gross profit fell 2.8% Y/Y to $2.9 billion, with the margin expanding 40 basis points to 20.9%. Operating margin contracted 220 basis points to 1.6%. Operating income for the quarter fell 61.3% to $217 million.
Non-GAAP EPS of $2.58 beat the analyst consensus of $2.40.
Best Buy held $1.57 billion in cash and equivalents as of February 1. Operating cash flow for the twelve months totaled $2.1 billion.
Also Read: Grocery Giant Albertsons Names Susan Morris As …Full story available on Benzinga.com Read MoreBBY, Briefs, Earnings, Equities, News, Stories That Matter, why it’s moving, Guidance, Dividends, Top Stories, Movers, General, BBY, US0865161014, News, Earnings, Equities, Guidance, Dividends, Top Stories, Movers, General, Benzinga News
