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Best Buy Co., Inc. (NYSE:BBY) Q2 2024 Earnings Call Transcript August 29, 2023 Best Buy Co., Inc. beats earnings expectations. Reported EPS is $1.22, expectations were $1.06. Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Best Buy’s Second Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in […]
Best Buy lowered the high end of its full-year revenue outlook in anticipation of a dip in tech demand.
Comparable sales decreased 1.4 percent compared to the same period last year.
Walmart and Target reported very different second-quarter earnings this week, with Walmart reporting a boost in sales as Target sales slumped.
(Reuters) -Target cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates on Wednesday, benefiting from fewer discounts and better stocked store shelves. The retailer's second-quarter sales, however, dropped 5%, partly due to the fallout of a backlash against its Pride merchandise in May. Target was forced to remove some items from transgender designer Erik Carnell's Abprallen brand, citing an increase in customer-employee confrontations and incidents of Pride merchandise being thrown on the floor.