Categories AlphaGraphs, Retail
Infographic: Key highlights from Best Buy (BBY) Q1 2023 earnings results
Best Buy Co., Inc. (NYSE: BBY) reported first quarter 2023 earnings results today.
Enterprise revenue dropped to $10.6 billion from $11.6 billion in the year-ago period. Comparable sales were down 8%.
Net earnings amounted to $341 million, or $1.49 per share, compared to $595 million, or $2.32 per share, last year. Adjusted EPS totaled $1.57.
For FY2023, revenue is expected to range between $48.3-49.9 billion while comparable sales is expected to decline 3-6%. Adjusted EPS is expected to be $8.40-9.00.
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
Cost reduction has become a priority for FedEx (FDX) after a challenging quarter
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
Prime Medicine is the next big biotech to pursue IPO. Here’s all you need to know
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
Stock Watch: Is Darden Restaurants a good buy after earnings?
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many
