Latest Articles
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Best Buy’s Stock Tanks Despite Better-Than-Expected Q2 Results
Best Buy ‘s (NYSE:BBY) announced better-than-expected second quarter results, as both its revenue and earnings per share came in ahead of market expectations. Best Buy’s revenue grew 5% year-over-year (y-o-y) to around $ 8.9 billion, ...
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What To Expect From Best Buy’s Q2 Earnings
Best Buy (NYSE:BBY) is scheduled to announce its fiscal second quarter results on Tuesday, August 29. The company started the year on a strong note, as both its revenue and earnings per share came in ahead of market expectations. The companyR...
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Amazon’s Geek Squad Competitor Is Bad News For Best Buy
In recent months, Amazon (NASDAQ:AMZN) has made headlines as the company continues to expand its e-commerce retail business across different verticals ranging from transportation & logistics, to grocery stores & physical stores . In an i...
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Why Smart Home Devices Are A Strong Growth Opportunity For Best Buy
Recently, Best Buy (NYSE:BBY) announced that it is expanding space in 700 of its stores to better showcase Amazon’s Echo and Google Home devices and their interaction with smart home technology. Smart home technology is likely to be a key growth...
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Best Buy’s Next Move To Attract Customers: Rent Before You Buy
Best Buy (NYSE:BBY) has shielded itself from the “Amazon effect” through several innovative ways of attracting customers to its stores and ensuring that they transact on its platform via its integrated retail channel. The company’s e-commerce sa...
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A Closer Look At Best Buy’s Mobile Department Redesign
Mobile phones are a key revenue driver for Best Buy (NYSE:BBY). In addition to selling mobile phones in its stores and on its digital platform, the company also has standalone AT&T and Verizon pop-ups at several of its stores. These standalo...
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Best Buy Beats Q1 Estimates On Growth In Gaming, Better-Than-Expected Mobile Sales
Best Buy ‘s (NYSE:BBY) stock surged more than 11% after the announcement of its better-than-expected first quarter results, as both its revenue and earnings per share came in ahead of market expectations. The company’s stock reached $...
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What To Expect From Best Buy’s Q1 Earnings
Best Buy (NYSE:BBY) is scheduled to announce its fiscal first quarter results on Thursday, May 25. The company reported mixed results in the fourth quarter, as its earnings beat market expectations but revenue missed. The retailer’s enterp...
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How Best Buy Can Benefit From HHGregg’s Closure
Struggling electronics and appliances retailer HHGregg recently announced the closure of all its 220 stores by the end of May this year. The company was facing significant declines in revenues and comparable sales over the past few years, and af...
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Key Takeaways From Best Buy’s Q4 Earnings
Best Buy (NYSE:BBY) announced mixed fourth quarter results on Wednesday, March 1, as its earnings beat market expectations but revenue missed. The company’s revenue declined 1% year-over-year (y-o-y) to around $13.5 billion, primarily due ...
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What To Expect From Best Buy’s Q4 Results?
Best Buy (NYSE:BBY) is scheduled to announce its fourth quarter results on Wednesday, March 1. The company reported stronger-than-expected results in the third quarter, as both its revenue and earnings came in ahead of market expectations. The r...
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Key Takeaways From Best Buy’s Q3 Earnings
Best Buy (NYSE:BBY) announced stronger than expected third quarter results on Thursday, with both its revenue and earnings beating market expectations. The company reported revenue of $8.9 billion, which beat consensus estimates by $100 millio...
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Here’s How Best Buy Can Be Impacted By Samsung’s Reputation Loss
Three years ago, Best Buy (NYSE:BBY) entered into a partnership with Samsung to open Samsung mini shops in its stores, so as to showcase the latter’s products. Best Buy now rents a lot of space to Samsung for these experience shops. Little d...
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Here’s How Best Buy Can Benefit From Partnering With Start-Ups
Editor’s Note: Do you have an analysis request? Feel free to email content@trefis.com Recently, Best Buy (NYSE:BBY) partnered with PCH international to offer hardware start-ups shelf space in its retail stores. Termed as the “Ignite Program”,...
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Is Amazon No Longer A Threat To Best Buy?
In its Q2 2017 results, Best Buy (NYSE:BBY) reported a 24% revenue growth in its online channel, with its e-commerce business amounting to nearly 11% of its total sales in the quarter, 200 basis points higher compared to the previous year. (Read...
