bestbuy
Key Points Best Buy reports initial contractions across its business segments, disappointing many on the initial headlines of its first quarter 2023 earnings release.As management begins to deploy more intensive investments into digital sales and more efficient stores/supply chains, some bulls crowded the stock in the pre-market session of Thursday morning on optimistic sentiment.Analyst ratings point to double-digit upside potential in the stock; management subtly agrees by delivering the second-highest dividend yield in company history, hinting at undervaluation in the stock price.5 stocks w...
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Same-store sales of Best Buy Co Inc (NYSE:BBY) dropped 8% during the first quarter ended April 30, amid lukewarm demand due to high prices. The company lowered its revenue outlook for the year after accruing $10.65 billion against an expectation of $10.41 billion. Riding The StormCorie Barry, Best Buy’s CEO, said on a call with analysts Tuesday about the softer demand: “That trend has continued into the beginning of Q2 and it does not appear that it will abate in the near-term.” Q1 2022 hedge fund letters, conferences and more The adjusted outlook for the year does not mean the company is prep...
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Whitney Tilson’s email to investors discussing China to release metal reserves in effort to tame commodities rally; lumber prices are falling fast; how Hubert Joly changed Best Buy Co Inc (NYSE:BBY) without everyone hating him. Q1 2021 hedge fund letters, conferences and more 1) These two headlines in the Wall Street Journal caught my eye because they're contrary to the skyrocketing inflation narrative: China to Release Metal ReservesChina to Release Metal Reserves in Effort to Tame Commodities Rally. Excerpt: China said it would begin to sell major industrial metals from state stockpiles, an ...
ValueWalk
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