BBY (Best Buy) is trying to reduce sales growth by three years, but the distance is not yet convinced that the results are still coming.
On Tuesday before the market begins, electronic retailers are expected to report 4Q results. Joe Feldman of Telsey Advisory Group is estimated to have reduced the same store sales by 1.45%. This is the 13th consecutive quarter of the same store sales growth.
Robert F. OHMES, an analyst at the Bank of America, told the customer that the company’s revenue in last quarter was expected to slow down in June 2024 and the growth of small services in the fourth quarter.
Investors are looking for 2025 guidelines as the replacement cycle increases the innovation of laptops, laptops and telephones, especially AI. EVERCORE analyst Greg Melich called it a “suite spot” for the replacement cycle from four to five years since the trend began in the first quarter of 2020.
Based on Monday deadline, BEST BUY shares have increased almost 5% to the time ahead of the 1.2% profit of S & P 500 (^GSPC).
Best Buy is expected to be posted in the fourth quarter compared to the previous year.
Adjustment income per week: $ 2.39, $ 2.72
Pure sales: $ 136.9 billion, $ 14.6 billion
Overall sales growth growth: -1.45%-4.8%
Total US Store Sales Growth: -1.36%range -5.1%
Sales growth:
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Home appliances: -8.9%-13.7%
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pastime: -7.47%vs. 8.4%
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Consumer electronic device: -4.38%-9%
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Computing and mobile phones: 4.13%, large -4.2%
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service : 4.38%, 6.3%
International: -2.13%, large -1.4%
The company will also share annual results.
As of 3Q, BEST BUY expects to drop 3.5% of 2024 the same store sales to 2.5%. This is compared to the previous 1.5%to 3%reduction. The distance is expected to end the year with a 2.93% decrease in the same store sales.
This year’s sales are expected from $ 41.1 billion to $ 41.5 billion, and the previous range is lower than $ 41.3 billion to $ 41.9 billion.
Earnings per share are expected from $ 6.10 to $ 6.25 compared to the previous $ 6.10 to $ 6.35.
9:53:31 AM EST. Market opening.
Bby ^GSPC
OHMES said that “long -term market share of omnichannel competition such as Walmart and Costco (Costco) and” industrial trends, innovation lack, uncertainty of tariffs and long -term market share “can offset the growth of computing and services.
