Best Buy Q2 Comparable Sales -6.2%, Domestic Comparable Sales -6.3%, International Comparable Sales -5.4%, Domestic Comparable Online Sales -7.1%
Portfolio Pulse from Benzinga Newsdesk
Best Buy's Q2 FY24 report shows a decrease in comparable sales across the board. Enterprise comparable sales dropped by 6.2%, domestic comparable sales by 6.3%, international comparable sales by 5.4%, and domestic comparable online sales by 7.1%. Revenue also decreased from $10,329 million in Q2 FY23 to $9,583 million in Q2 FY24.
August 29, 2023 | 11:09 am
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NEGATIVE IMPACT
Best Buy's Q2 FY24 report shows a decrease in comparable sales and revenue, which could negatively impact the company's stock price in the short term.
Best Buy's Q2 FY24 report shows a decrease in comparable sales and revenue. This could be seen as a negative performance indicator by investors, potentially leading to a decrease in demand for the company's stock and a subsequent drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100