Best Buy Q4 Earnings Beat Estimates, Comparable Sales Rise 0.5% Y/Y
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Best Buy's Q4 earnings surpassed estimates with a 0.5% year-over-year increase in comparable sales. Despite a decline in overall revenues, the gross margin improved by 40 basis points to 20.9%.
March 04, 2025 | 7:00 pm
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Best Buy's Q4 results exceeded expectations with a slight increase in comparable sales and improved gross margin, despite a drop in total revenues.
The positive earnings surprise and improved gross margin are likely to boost investor confidence, potentially leading to a short-term increase in BBY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100