Best Buy Stock Rises as Retailer Reports Better-Than-Expected Q4 Sales and Earnings
BBYBest Buy(BBY) Investopedia·2024-03-01 03:35

Key TakeawaysBest Buy beat profit and sales forecasts for its fiscal fourth quarter as falling demand for the electronics retailer's products eased.The company's same-store sales declined, but at a slower pace than analysts had estimated.CEO Corie Barry said Best Buy anticipates industry sales will increasingly stabilize this year. Best Buy (BBY) shares gained ground Thursday after the electronics retailer posted better-than-expected results as the post-pandemic slump in demand for its products eased. Best ...