Seeking Alpha

BBY
Best Buy Co.

5/25/2012, 10:19 AM ET
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BBY Market Currents more »
  • 8:19 AM Christopher Matthews is the latest to sound the death knell on Best Buy (BBY) and RadioShack (RSH) with a take that delves right into the Death-by-Amazon thesis on the big-box retailers. Though he notes the well-documented competitive pressures the Internet brings down on the companies, it's also the seismic shift in consumer buying trends as integrated devices reduce electronics buying needs that sits as a tough overhang on sales to overcome.
    3 Comments
    [Consumer]
  • Wednesday 4:13 AM Sony (SNE) and Samsung (SSNLF.PK) are trying to force retailers to rein in discounts on televisions, a move that could not only save profit margins at two of the world's largest TV makers but also help retail chains like Best Buy (BBY) and Target (TGT) remain competitive against online discounters.
    Comment!
    [Consumer, Tech]
  • Tuesday 8:51 AM Behind the Best Buy (BBY) numbers: The earnings beat knocked out by the retailer was boosted by a favorable tax rate, 30.6% compared to 34.6% previous. In addition, a seemingly strong free cash flow number is blunted by factoring in the large jump in account payable to $1.2B from a $561M a year ago. Shares +0.7% premarket.
    6 Comments
    [Consumer]
  • Tuesday 8:03 AM More on Best Buy (BBY): The company plans to keep a $750M-$1B share repurchase plan percolating right along - a move that NBG's Brain Sozzi calls surprising. Retail analyst Rahul Sharma also remains unconvinced about the Q1 report, saying BBY's malaise is spreading to its international segment. Shares +8.5% premarket in bouncy trading.
    Comment!
    [Consumer, On the Move]
  • Tuesday 7:45 AM More on Best Buy's (BBY) Q1: Comparable-store sales down 5.3%, led lower by 10.5% fall in international sales. Domestic segment online revenue growth +20% Y/Y. Domestic segment mobile phones growth +13% Y/Y. Revenue per square foot flat compared to last year. Maintain FY13 EPS guidance of $3.50-$3.80. Shares +4.6% premarket. (PR)
    Comment!
    [Earnings, On the Move]
  • Tuesday 7:35 AM Best Buy (BBY): Q1 EPS of $0.72 beats by $0.13. Revenue of $11.6B (+2% Y/Y) beats by $110M. Shares +7.9% premarket. (PR)
    1 Comment
    [Breaking News, Earnings, Consumer, On the Move]
  • Tuesday 12:05 AM Notable earnings before Tuesday’s open: AZO, BBY, MDT, RL, WSM
    Comment!
    [Earnings]
BBY in Focus more »
BBY News more »
BBY Press Releases and Filings more »
BBY Instablog posts more »
  • Barchart Morning Call 5/22
    Tue, May 22 • Jim Van Meerten • Comment!
  • STOCKS ATTEMPT TO RALLY
    Thu, May 10 • David Fry • Comment!
  • My Long-Term, Enhanced Investing-For-Income Strategy Discussion And Concentrator Blog
    Sun, May 6 • K202 • 17 Comments
  • Best Buy's Best Days Are Ahead
    Wed, Apr 18 • guest7 • Comment!
  • Why Sears Is On Its Last Legs-MSN Money
    Wed, Apr 18 • Tim Travis • Comment!
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Company Description

We are a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. We operate retail stores and Web sites under a variety of brand names such as Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com,... More

Sector: Services
Industry: Electronics Stores
Country: United States