Best Buy Q4 24 Earnings Exceed Expectations with Rev $14.65B; Forecasts +5% Q1 Comp Sales; Faces Retail Challenges
Best Buy's quarterly earnings report for Q4 24 exceeded expectations with an adjusted EPS of $2.72 (est $2.52) and revenue of $14.65B (est $14.55B). The company forecasts Q1 comp sales to increase by about 5% and expects FY adjusted EPS between $5.75 to $6.20. Despite a smaller-than-expected drop in quarterly comparable sales, Best Buy is facing challenges in the retail market, with a decline in market share and soft full-year guidance.
Sources
The Globe and Mail
Best Buy posts smaller-than-expected quarterly sales drop on holiday demand https://t.co/gglJsmeNGd
Open Outcrier $BBY (+2.9% pre) Best Buy tops holiday quarter estimates but issues soft full-year guidance - CNBC https://t.co/9Eop63VfUg
Rahul SharmaBest Buy is about nothing more than managed decline. Vs 4-year boom in US retail sales +37%, electronics -2%. $BBY lost share on top, -8%. As ugly as Nordstrom, poster child for underperformance. And as comps & guide show, not getting any better. $AMZN $WMT https://t.co/U9pE0aZxKQ