Best Buy Co Inc
Black Friday 2021 Deals: Walmart, Amazon, and Best Buy
Best Buy CEO Corie Barry Navigates the Pandemic, Has Solid Net Worth
Must-know update: Redbook Index same-store sales data released
The Redbook Index released the same-store weekly data on Tuesday, March 11, 2014.
Is GoPro Banking on Karma Again to Drive Future Revenue?
On January 4, 2017, GoPro (GPRO) stated that it will resume sales of its Karma drone.
Seeking fresh supply: Why pending home sales were flat in January
The indicator increased marginally, by 0.1% to 95 in January from an upwardly revised 94.9 in December, and came in 9% below January 2013’s reading.
What Will Become the Biggest Growth Drivers for Apple?
Apple Watch, Apple Pay, Apple TV, and iPad Pro are niche businesses for Apple (AAPL). But these still have the potential to become big in the future.
Best Buy’s 1Q16 Revenue Declines, But Still Exceeds Estimates
Best Buy’s 1Q16 revenue growth was driven by strong demand for large-screen televisions, mobile phones, and major appliances. Best Buy is one of the few pure-play consumer electronics retailers to survive the recession.
How Does Best Buy Stack Up against Other Specialty Retailers?
As of May 26, Best Buy was trading at a 12-month forward PE (price-to-earnings) ratio of 10.9x.
Can GoPro Swing a Comeback in 2017?
Though GoPro missed revenue estimates in 4Q16, it was still the firm’s second-best-performing quarter in terms of revenue, driven by sales of its HERO5.
Must-know update: DE Shaw increases its position in Sears Holdings
DE Shaw increased its position in specialty retailer Sears Holdings (SHLD) from 0.01% to 0.07% in 4Q 2013.
Why Did GoPro Rise ~8% on June 17?
GoPro (GPRO) has a market cap of $1.4 billion. It rose by 8.2% to close at $10.65 per share on June 17, 2016.
Staples Reports Fiscal 3Q15 Results: Revenue and Income Falls
Staples (SPLS) has a market cap of $7.8 billion, and its YTD (year-to-date) price movement has been falling since June 2015.
How eBay Views Its Opportunities in Israel
eBay (EBAY) is optimistic about the growth opportunities that Israel presents, but it has been frustrated by the country’s tax system.
Best Buy’s Merchandising Efforts Drive Same-Store Sales in 1Q16
Best Buy’s same-store sales in the first quarter of fiscal 2016, which ended May 2, 2015, grew by 0.6%, beating analysts’ expectations of a decline of 0.4%.
Cabela’s Top Line Rose in Fiscal 1Q16: What’s Next?
CAB rose 0.17% to close at $52.28 per share on April 28. Here’s what you need to know.
Wedbush and Dougherty & Company Downgrade GoPro
Price movement GoPro (GPRO) has a market cap of $1.6 billion. It fell 4.1% to close at $10.41 per share on November 9, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -18.9%, -30.7%, and -42.2%, respectively, on the same day. GPRO is trading 21.9% below its 20-day moving average, 28.1% below […]
Here’s Why Walmart Stock Is Trading at Record Levels
Walmart (WMT) is trading at record highs thanks to its healthy sales growth and its ability to maintain market share despite heightened competition in the grocery space.
Costco’s Industry Positioning: A Porter’s 5 Force Analysis
Costco’s suppliers include companies like PepsiCo (PEP), Procter & Gamble (PG), and the Kraft Heinz Company (KHC). No single supplier accounts for over 5% of revenue.
Macy’s Could Benefit from Higher Demand for Consumer Electronics
Macy’s is likely to benefit from its partnership with Best Buy given the growing demand for consumer electronics.
Best Buy’s Valuation: How Does It Compare to Peers?
As of April 25, Best Buy (BBY) was trading at a 12-month forward PE (price-to-earnings) ratio of 11.3x.
Amazon Lures Etsy Sellers to Populate Its Handcrafted Goods Site
To help populate Handmade with handcrafted goods, the company rolled out an email campaign targeting Etsy sellers. Select Etsy sellers were invited to choose Amazon as their product marketplace.
How eBay takes advantage of customer data to grow its business
The eCommerce market has shown strong growth in the past few years. According to eMarketer, the B2C eCommerce worldwide sales market will grow from $1.25 trillion in 2013 to $1.50 trillion in 2014.
Falling Fuel Costs Boost August US Consumer Confidence to 101.5
According to the Conference Board report, consumer confidence jumped to 101.5 index points in August. August’s consumer confidence index is above July’s 91.0.
Best Buy Will Support Apple Pay in 2H15
Apple is reportedly in talks with major banks in Canada, and it partnered with Union Pay in China last year to broaden the reach of Apple Pay.
Telsey Upgraded Best Buy before Its Q1 Results
Best Buy (NYSE:BBY) stock surged about 11% on Monday after Telsey Advisory upgraded it to “outperform” from “market perform.”
Best Buy Defies Retail Woes with Q4 Earnings
Best Buy reported impressive fourth-quarter results due to strong holiday sales. The company’s overall revenue grew 2.7% YoY to $15.20 billion.
These Consumer Stocks Rose More than 65% in 2019
Consumer stocks had a truly phenomenal 2019. Let’s take a look at five consumer stocks that delivered more than 65% growth in the year.
Why Best Buy Stock Is Trading at a Record High
So far, Best Buy stock has generated stellar returns this year. The stock has risen about 63% YTD. In comparison, the S&P 500 has risen 27.4% this year.
Why RH Stock Has Nearly Doubled This Year
RH stock continues to create a significant amount of wealth for its shareholders. It’s nearly doubled so far this year as of December 9.
Will Best Buy Benefit Further from the Holiday Season?
Best Buy (BBY) stock has risen 54.9% YTD (year-to-date) as of December 6. In comparison, the broader S&P 500 Index has risen 28% YTD.
Get Real: Troubles in Asia Move the Market
In our Get Real market newsletter, we saw trouble in China with the Hang Seng’s free fall and the Hong Kong Act. Plus, cannabis has declined in Canada.
Best Buy Stock: Analysts See Upside after Q3 Earnings
Best Buy (BBY) stock has risen 52.5% this year. The consumer electronics retailer has outpaced the S&P 500, which has grown 25.8% year-to-date.
Must-know: Apple’s retail growth compared to Walmart and Target
The e-commerce market growth is partly responsible for the slowdown in the physical retail market. However, this hasn’t impacted the growth in Apple’s (AAPL) retail stores.
Best Buy: Why It Had a Big Earnings Beat
Today, Best Buy posted stronger-than-expected earnings results for the third quarter of fiscal 2020. The company’s revenues beat analysts’ expectations.
Best Buy Earnings: What to Expect in Q3
Best Buy will announce its earnings for the third quarter of fiscal 2020 before the markets open on Tuesday. The company should sustain its sales momentum.
A Look at the Details of Home Depot’s Digital Update
Home Depot has been following a strategy that leverages its brick-and-mortar store network and digital capabilities to create a seamless shopper experience.
What are the major indicators covered in the Redbook Index?
The Redbook Index tries to provide near-real-time weekly assessments of the consumer buying activity in large retail chain stores.
How US Retail Sales Changed in Two Decades
The retail sales for 2018 were $4.3 trillion. From January to July 2019, the retail sales in this category rose 3.5% over the comparable period in 2018.
Best Buy Beat Q2 Earnings Estimate, Tariffs Hurt Outlook
Best Buy stock fell more than 9% this morning despite beating analysts’ EPS estimate by a wide margin. The company raised its fiscal earnings outlook.
Is Trump Backpedaling on the Trade War?
The trade war with China eased today, as the US postponed the 10% tariff on $300 billion of some Chinese imports from September 1 to December 15.
Retail Stocks Crash as Trump Announces More Tariffs
Retail stocks sank yesterday after Donald Trump tweeted that the US would impose a 10% tariff on $300 billion in Chinese imports, effective September 1.
What the Apple-Best Buy Partnership Could Offer
On June 19, Apple (AAPL) announced a partnership with US retail giant Best Buy (BBY).
How Best Buy’s Valuation Compares with Peers’
As of March 22, Best Buy’s (BBY) 12-month forward PE ratio was 12.3x, while specialty retail peers GameStop (GME) and Aaron’s (AAN) had PE ratios of 5.2x and 12.9x, respectively.
What Wall Street Expects from Best Buy’s Q4 Results
Best Buy (BBY) is scheduled to report its results for the fourth quarter of fiscal 2019, which ended on February 2, on February 27.
Why Best Buy Stock Fell 5.7% Yesterday
Best Buy (BBY) stock fell 5.7% on December 17 in reaction to a downgrade by Bank of America Merrill Lynch to “underperform” from “neutral.”
Why Best Buy Stock Rose 2% When Major Retailers Tanked Yesterday
Best Buy (BBY) stock rose 2.1% on November 20 in reaction to the company’s better-than-expected results for the third quarter of fiscal 2019.
The Key Drivers of Best Buy’s Strong Fiscal Q2 2019 Revenue
Best Buy (BBY) exceeded analysts’ revenue expectations for the third straight quarter in the fiscal second quarter of 2019.
Is Best Buy Stock Poised to Grow More in 2018?
Best Buy (BBY) stock has risen 10% YTD as of July 25. As of the same date, Best Buy stock has fallen 0.8% since its fiscal first-quarter results.
Why Best Buy Stock Fell after Strong Fiscal Q1 2019 Earnings
Best Buy stock fell 6.6% on May 24, the day the company announced its results for the first quarter of fiscal 2019, which ended on May 5.
Why Most Analysts Rate Best Buy Stock a ‘Hold’
Best Buy (BBY) is currently rated a “hold” by the majority of analysts covering the stock.
Inside Smart Speaker Price Discounting at Google and Amazon
Steep discounts on entry-level speakers The smart speaker market seems to have seen a price war during the holiday quarter. According to Reuters, Alphabet’s (GOOGL) Google and Amazon (AMZN) steeply discounted their entry-level smart speakers, and some analysts believe they lost money on the units sold in the quarter. At Amazon, for instance, the entry-level Echo […]
Understanding Best Buy’s Growth Strategies
Best Buy (BBY) has managed to deliver higher same-store sales for three consecutive quarters. This growth came amid tough retail market conditions and heightened competition from online retailers like Amazon (AMZN).
How Hurricanes Affected HPE’s Earnings
Perhaps US-based (SPY) IT vendor Hewlett Packard Enterprise (HPE) would have generated better profits in fiscal 4Q17 if not for the impact of natural disasters.
What Has Affected Best Buy’s Dividend Yield?
Best Buy’s (BBY) revenues fell 1% and 2% in 2015 and 2016, respectively.
A Look at GoPro’s Long-Term Challenges
GoPro (GPRO) expects revenue from the Karma drone to rise in 2Q17. The drone is priced higher than competitor products.
For Amazon, Consequences Of Touching A Raw Nerve
Amazon has created crises for retailers Reports that Wal-Mart (WMT) is trying to stoke a revolt against Amazon’s (AMZN) Amazon Web Services (or AWS) highlight the risk of stepping on too many toes. Amazon, which first turned the world upside down for bookstores, has steadily worked its way up the retail ladder to the point that […]
Best Buy Stock Falls: Amazon’s Competing with Geek Squad
Best Buy (BBY) stock fell 6.3% on July 10, 2017, in reaction to news of Amazon’s (AMZN) new service that will compete with Best Buy’s Geek Squad.
Amazon Is Expected to Control 25% of Australian Online Retail
In April 2017, Amazon (AMZN) announced that it would be expanding its retail operations into Australia, but it didn’t say exactly when it would launch in the country.
A Look at Apple’s Strong Holiday Growth
Launch of new Apple Watch and MacBook lineups In the previous part of this series, we discussed how Amazon (AMZN) continued to dominate the US e-commerce market in 2016. However, according to a report from Slice Intelligence, Apple (AAPL) managed to grow the fastest during this period. As the chart above shows, Apple managed to grow […]
Holiday Sales Results Could Boost Amazon Stock
The holiday season is considered the best period for retailers. Preliminary results from research company Slice Intelligence indicate that Amazon (AMZN) dominated the holiday season in 2016.
Apple Pay Transactions Growing at a Rapid Rate for Apple
In addition to the App Store and Apple Music, Apple Pay is turning out to be another promising product for Apple’s Services segment.
What Are the Key Focus Areas for Hewlett-Packard Enterprise?
Hewlett-Packard Enterprise (HPE) has mentioned that enterprises and customers are shifting toward hybrid cloud, and it aims to simplify this transition.
What Drove Revenue in the Nokia Technologies Segment?
Net sales in the Nokia Technologies segment rose 109.0% YoY, driven by Nokia’s expanded licensing agreement with Samsung.
How Does Cabela’s Compare to Its Peers?
Cabela’s peers have outperformed the company based on PBV. However, Cabela’s has outperformed its peers based on PE and PS.
What Were Hewlett-Packard Enterprise’s Major Alliances in 2016?
Hewlett-Packard Enterprise (HPE) also announced a strategic alliance with Docker, allowing HPE to enable the customer transformation and modernization of data centers.
How Does Cabela’s Compare to Its Peers after 2Q16 Earnings?
Cabela’s (CAB) has been outperformed by its peers based on PBV (price-to-book value) ratio. However, Cabela’s has mostly outperformed its peers based on PE (price-to-earnings) and price-to-sales ratios.
Can Best Buy’s Margins Improve amid Challenging Conditions?
Despite lower sales, Best Buy’s gross margin improved from 23.7% in fiscal 1Q16 to 25.4% in fiscal 1Q17.
Apple Continues to Roll out Apple Pay at New Locations
During the last quarter’s earnings conference call, Apple said that the transaction volume on Apple Pay has grown more than fivefold year-over-year.
What Are the Key Factors Driving Amazon’s Gross Margins?
Amazon’s (AMZN) gross margins improved from 32% in 1Q15 to 35% in 1Q16.
Amazon Is Expanding Prime Now Service to New Metro Areas
Prime Now is a one-hour delivery service that’s available to Amazon’s (AMZN) Prime members.
Best Buy Wants to Improve Sales: What’s It Got up Its Sleeve?
Best Buy plans to improve its sales through a series of initiatives across merchandising, marketing, online channels, stores, supply chain, services, and customer care.
Best Buy Stock Down on Weak Outlook, CFO Departure
The market reacted negatively to the company’s weak guidance for 2Q17 and the news of Best Buy’s chief financial officer’s departure.
Can Best Buy’s Revenue Grow amid a Tough Business Climate?
In fiscal 2016, which ended January 30, 2016, Best Buy (BBY) experienced weakness in the mobile phone category and continued declines in tablet sales.
Understanding SolarCity’s Business Strategy
Business expansion is crucial for companies like SolarCity, which intends to expand its presence via partnerships with homebuilders and industry leaders.
Assessing Best Buy’s Focus on Cost Reduction to Enhance Margins
Best Buy (BBY) is focusing on reducing costs and driving efficiencies throughout its business. Best Buy’s focus on cost reduction is important in driving its profitability.
Apple Watch Price Cut Led to Apple Watch 2 Rumors
Apple (AAPL) has slashed its Apple Watch price in certain retail stores by $100. This has led to rumors that Apple might unveil its Apple Watch 2 in March 2016.
Apple Watch Revenues Expected to Be $8.4 Billion for First Year
The average selling price for the Apple Watch is expected to be $400 in its first 12 months, and shipments are expected to reach 21 million units.
Amazon Prime Now Has Added 4,000 New Items to Its On-Hour Delivery Service
On December 10, Amazon announced that it has added 4,000 new items to its Prime Now service, especially for the holidays, from toys to big-screen TVs.
Best Buy’s Cost Reduction Efforts: Can It Expand 3Q16 Margins?
Best Buy’s cost reduction and gross profit optimization program aims to reduce $400 million in costs over three years as of the end of fiscal 3Q16.
Assessing Best Buy’s Strategic Initiatives to Boost 3Q16 Sales
The consensus analyst estimate for Best Buy’s fiscal 3Q16 revenue is $8.9 billion. Best Buy expects either flat or low negative revenue growth in 3Q16.
eBay Expected to Report Increased Gross Merchandise Volume
eBay (EBAY) is gearing up for the release of its 3Q15 earnings results on October 21. Analysts expect the online auction giant to report an increase in its gross merchandise volume.
An Inside Look at Back-to-School Advertising Campaigns
Total advertising spend on back-to-school themes reached $241 million in 2014, down 9% from 2013. The top ten advertisers last year accounted for almost 62% of the advertising spend.
Marketplaces Unit: eBay’s Core Business
eBay (EBAY) Marketplaces’ GMV fell 2% on a YoY (year-over-year) basis in 2Q15. The continued strength of the dollar significantly influenced the results.
US Consumer Price Index Inflation Rose 0.3% in June
The revival in oil prices after 1Q15 helped the CPI (consumer price index) inflation rate in the United States(SPY)(IVV) reverse its falling trend.
Best Buy’s Samsung Open House Attempts to Deepen Supplier Ties
Best Buy has further strengthened its relationship with Samsung (SSNLF)(005930.KS) through its June 30 introduction of Samsung Open House.
Third-Party Sellers Benefit from Amazon Network, Fatten Margins
Third-party sellers benefit Amazon in a big way. The company doesn’t have to invest any product cost, yet it gets a commission from sales.
Google Reports Slow Nexus 6 Smartphone Sales in 1Q15
Google launched its Nexus 6 smartphone, that runs the Android operating system, in October 2014. Sales weren’t as strong as expected in 1Q15.
Why Amazon benefits from more third-party sellers
The main reason for Amazon’s gross margin increase was the increasing proportion of third-party sellers who sell their products on Amazon.
Gauging Best Buy’s stock performance
Best Buy’s stock price is down 3.55% compared to the beginning of 2010. In contrast, Amazon’s stock is up 120.7% compared to 2010.
Assessing Best Buy’s debt profile
Gauging a company’s debt levels is crucial to understanding its financial health. Maintaining high debt levels in uncertain times can be damaging.
Best Buy reconsiders its international operations
Best Buy’s international operations accounted for 16% of its fiscal 2014 revenues, down from 17% in fiscal 2013.
Best Buy put off by showrooming, guarantees low price
In February 2013, Best Buy announced that it would fight showrooming by offering low-price guarantees online as well as at its retail stores.
Focus on online sales: Best Buy goes head-to-head with Amazon
To address inventory issues associated with online sales at its distribution centers, Best Buy rolled out a ship-from-store strategy.
Best Buy joins forces with key suppliers
Best Buy is building strong relationships with key suppliers to mitigate the impact of heightened competition from suppliers’ retail stores.
Best Buy attempts to optimize inventory levels
At Best Buy, returns, replacements, and damages account for nearly 10% of revenues and have cost the company over $400 million in losses each year.
Best Buy sees better same-store sales in 3Q 2015
Best Buy’s growth rate in same-store sales had been negative since fiscal 2011. Efforts to optimize the shopping experience have changed that.
Understanding Best Buy’s revenue mix
The computing and mobile phone category is the largest of Best Buy’s revenue mix, accounting for 48% of the Domestic segment’s fiscal 2014 revenues.
Renew blue: Best Buy’s turnaround strategy
As part of its turnaround strategy, Best Buy is also revamping its stores and trying to encourage more robust store traffic.
Best Buy CEO transforms the company for the better
Before being appointed Best Buy CEO, Hubert Joly was credited with turning around two other companies. Best Buy’s stock has appreciated by 111% since.
Best Buy: The largest consumer electronics retailer
Best Buy is the leading consumer electronics retailer in the US. Today, Best Buy has more than 1,900 stores and locations.