Best Buy (BBY) reports soft first-quarter fiscal 2023 earnings due to lower sales and weak margins. Also, sales fall on lower comparable sales.
Best Buy Co Inc. missed on profit in the first quarter with inflation hitting the consumer electronics retailer, but there are areas of the business that show continued promise in a volatile time.
Should investors be jumping on these top names in the retail space?
In an earnings call Tuesday, Best Buy CEO Corie Barry said that she is "not planning for a full recession."

What's Going On With Best Buy Shares Today?

12:04pm, Tuesday, 24'th May 2022
Best Buy Co (NYSE: BBY) shares are volatile Tuesday following the company's first-quarter financial results, which were released before the market opened. Best Buy reported first-quarter revenue of $

Return of the Whipsaw? Best Buy, Snap Down

12:03pm, Tuesday, 24'th May 2022
Snap guides down and plummets -34% in the pre-market; Best Buy puts up mixed Q1 numbers and drops -2.5%
Best Buy Co., Inc. (NYSE:BBY ) Q1 2023 Earnings Conference Call May 24, 2022 8:00 AM ET Company Participants Mollie O'Brien - Vice President, Investor Relations Corie Barry - Chief Executive Officer M
Best Buy hasn't been able to withstand the economic triple whammy of a pandemic, supply chain snags and a looming recession as well as some other brands, and that struggle has the company rethinking w
CNBC's Courtney Reagan joins 'Squawk Box' to break down a slew of retail earnings that reported ahead of the open on Tuesday.

Best Buy (BBY) Misses Q1 Earnings Estimates

09:47am, Tuesday, 24'th May 2022
Best Buy (BBY) delivered earnings and revenue surprises of -1.26% and 2.10%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Inflation hits Best Buy annual sales

07:32am, Tuesday, 24'th May 2022
Best Buy said it was expecting full-year comparable sales to fall 3% to 6%, compared with its previous forecast of a 1% to 4% drop.
Best Buy's revenue beat Wall Street's revenue estimates for the fiscal first quarter.
(Reuters) -Electronics retailer Best Buy Co Inc lowered its full-year sales and profit forecasts on Tuesday, as red-hot inflation saps consumers' spending power.
A look at what's on deck for retail earnings this week. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Dan Nathan, Karen Finerman and Guy Adami.

Dow Up 600+ Points to Start New Trading Week

06:49pm, Monday, 23'rd May 2022
The Nasdaq gained +1.59% on the day, while the S&P 500 did even better: +1.86%.
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