Best Buy Co Q1 EPS $1.15 Beats $1.11 Estimate, Sales $9.47B Miss $9.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Best Buy Co reported Q1 earnings of $1.15 per share, beating the $1.11 estimate, but sales of $9.47B missed the $9.52B estimate. This represents a 26.75% decrease in earnings and an 11.08% decrease in sales compared to the same period last year.
May 25, 2023 | 11:01 am
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Best Buy's Q1 earnings beat estimates, but sales missed expectations. Earnings decreased by 26.75% and sales by 11.08% compared to last year.
Best Buy's mixed Q1 results, with earnings beating estimates but sales missing, may lead to a neutral short-term impact on the stock price. The significant decrease in earnings and sales compared to last year may be concerning for investors, but the earnings beat could provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100