Categories AlphaGraphs, Earnings, Retail
Best Buy Co. (BBY) Q2 2023 Earnings: Key financials and quarterly highlights
Best Buy Co. Inc. (NYSE: BBY) reported its second quarter 2023 earnings results today.
Enterprise revenue dropped to $10.3 billion from $11.8 billion in the year-ago period. Comparable sales fell 12.1%.
Net earnings declined to $306 million, or $1.35 per share, from $734 million, or $2.90 per share, in the prior-year quarter. Adjusted EPS amounted to $1.54.
Best Buy expects its comparable sales for the third quarter of 2023 to decline slightly more than the 12.1% reported this quarter. For the full year of 2023, comparable sales are expected to decline around 11%.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5
