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The Daily Earnings Reports Podcast is your go-to podcast for the latest corporate financial news. Every trading day, we dive deep into the earnings reports of publicly traded companies, breaking down key metrics, analyzing market reactions, and offering expert insights. Stay informed, make informed investment decisions, and gain a competitive edge in the dynamic world of finance.
Episodes
Tuesday Nov 26, 2024
Tuesday Nov 26, 2024
Key Highlights:
- Comparable sales declined 2.9% year-over-year, driven by weakness in appliances, home theater, and gaming, partially offset by growth in computing, tablets, and services.
- GAAP diluted EPS increased 4% to $1.26, while non-GAAP diluted EPS decreased 2% to $1.26.
- Best Buy adjusted its full-year comparable sales guidance to a decline in the range of 2.5% to 3.5%, citing macroeconomic uncertainty, customer anticipation of deals and sales events, and distractions during the election cycle.
- Despite softer sales, the company maintained its full-year non-GAAP operating income rate guidance of 4.1% to 4.2%.
- Best Buy expressed optimism for the holiday season, highlighting its compelling deals, strong merchandising, and competitive fulfillment options.
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