Best Buy Co. Inc. (NYSE: BBY) reported first quarter 2022 earnings results today.
Enterprise revenues increased to $11.6 billion from $8.5 billion in the same period a year ago. Enterprise comparable sales rose 37.2%.
Net income was $595 million, or $2.32 per share, compared to $159 million, or $0.61 per share, last year. Adjusted EPS amounted to $2.23.
Both revenue and adjusted EPS surpassed market estimates.
For the second quarter of 2022, enterprise comparable sales are expected to grow approx. 17%. For the full year of 2022, enterprise comparable sales are expected to grow 3-6%.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
The holiday season has started and it is the time for cheer but this year inflation is proving to be a major spoilsport for the festivities. As customers struggle to
Shares of Dollar Tree Inc. (NASDAQ: DLTR) were down over 1% on Wednesday, a day after the company reported earnings results for the third quarter of 2022. Revenue and earnings
Target Corporation (TGT): A look at how the retail giant is shaping up against an inflationary backdrop
Shares of Target Corporation (NYSE: TGT) were up over 1% on Wednesday. The stock has dropped 30% year-to-date and 35% over the past 12 months. Last week the company reported