Best Buy Stock News

Best Buy Co Inc (NYSE: BBY) reported a fourth-quarter FY22 sales decline of 3.4% year-on-year, to $16.36 billion, missing the consensus of $16.59 billion. Domestic revenue fell 2.6%, primarily driv

Although the electronic retailer is contending with short-term headwinds, it is expecting business to pick up by fiscal 2025.

Although the electronic retailer is contending with short-term headwinds, it is expecting business to pick up by fiscal 2025.

Best Buy Co. Inc. BBY, +3.77% shares rose 1.6% in Thursday premarket trading after the electronics retailer reported fourth-quarter profit that beat expectations. The company posted net income of $626

The consumer electronics retailer, which has been a pandemic beneficiary, gave a weaker-than-expected outlook for the coming year.

The electronics retailer was a big pandemics winner as consumers used stimulus checks to buy electronics. But analysts worry that momentum is slowing.

In this Aug. 16, 2018, photo, the Fitbit Charge 3 fitness trackers are displayed in New York. The company is recalling 1.7 million smartwatches due to burn hazards. Richard Drew, Associated Press Fitbit recalled 1.7 million smartwatches because they pose a burn hazard due to the lithium-ion battery, the U.S. Consumer Product Safety Commission announced on Wednesday. About 1 million of the Fitbit Ionic watches have been sold in the U.S. and nearly 700,000 sold internationally, the agency said. “The health and safety of Fitbit users is our highest priority. We are taking this action out of an abundance of caution for our users,” the fitness tracker company said in a statement . The recommendation is for consumers to immediately stop using the watches and contact Fitbit to begin the return process. A refund of $299 will be issued when the device is received. Participating consumers will also receive a 40% discount off select Fitbit devices. The smartwatches were sold at stores like Best Buy, Kohl’s and Target as well as online, from September 2017 through December 2021, per NPR .

Best Buy (NYSE:BBY) is scheduled to announce Q4 earnings results on Thursday, Mar. 3, before market open.Consensus EPS estimate is $2.71 (-22.1% Y/Y)

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MINNEAPOLIS--(BUSINESS WIRE)--Best Buy (NYSE: BBY) is scheduled to present at the BofA Securities Consumer and Retail Technology Conference on March 8, 2022, at 8:50 a.m. Eastern Time. A webcast of th

U.S. markets continue to be attuned to developments in Europe and Ukraine and what they could mean going forward.

A hiring sign is in front of a Target store in Manchester, Conn., Nov. 39, 2021. Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year. The Minneapolis-based discount retailer said Monday, Feb. 28, 2022 that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets. It currently pays a universal starting wage of $15 an hour. Ted Shaffrey, Associated Press Target employees at stores and distribution centers in places like New York may see their wages as high as $24 an hour. The latest: The retailer said that the minimum wage will be in the range of $15 to $24 an hour. The company also plans to spend an additional $300 million on its labor force this year, which includes better health care coverage for hourly employees. According to the Wall Street Journal , store associates at the company who work at least 25 hours a week can now enroll in a Target medical plan, lowered from the minimum 30 hours a week.

Best Buy Co (NYSE: BBY ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 3 0 2 Last 30D 0 2 1 0 1 1M Ago 0 0 0 0 0 2M Ago 0 0 2 0 1 3M Ago 1 0 0 0 0 According to 8 analyst offering 12-month price targets in the last 3 months, Best Buy Co has an average price target of $106.88 with a high of $140.00 and a low of $87.00. Below is a summary of how these 8 analysts rated Best Buy … Full story available on Benzinga.com

Best Buy, Qualcomm and these other blue-chip companies are expected to lift the dividends they pay to shareholders this week, making their stocks good total return candidates.

Omicron and supply disruptions weighed on retail sales and sentiment into February when Ukraine and inflation headlines took control.