For its most recent quarter, Best Buy topped earnings expectations, marking its fifth consecutive quarter of beating estimates. The company has also achieved comparable sales growth for the past eight quarters.
For full-year 2020, Best Buy expects to generate revenue in the range of $42.9 billion to $43.9 billion and to achieve comparable sales growth of 0.5% to 2.5%. The company expects adjusted EPS to be $5.45-$5.65.
Best Buy’s shares were down 0.83% shortly after the market opened on Monday. The stock has climbed over 42% thus far this year.
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