Best Buy Reaffirms FY24 Guidance
Portfolio Pulse from Benzinga Newsdesk
Best Buy reaffirms its FY24 guidance, expecting revenue of $43.8 billion to $45.2 billion, a comparable sales decline of 3.0% to 6.0%, and non-GAAP diluted EPS of $5.70 to $6.50. Capital expenditures are projected to be around $850 million.
May 25, 2023 | 11:03 am
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NEUTRAL IMPACT
Best Buy's reaffirmed FY24 guidance includes revenue of $43.8B-$45.2B, a comparable sales decline of 3.0%-6.0%, and non-GAAP diluted EPS of $5.70-$6.50.
Best Buy's reaffirmed guidance provides investors with a clearer outlook on the company's financial performance. However, the projected decline in comparable sales may offset any positive sentiment from the guidance, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100