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Yesterday, $BBY+0.0% Best Buy reported:

Sales fell 7.8% year-over-year to $9.76 billion, missing analyst estimates of $9.9 billion. Of the total sales, $9 billion came from the U.S. market. Online sales accounted for 30.6%.

BBY
$76.29 $1.08 +1.44%
Capital Structure
Market Cap
16.3B
Enterpr. Val.
19.6B
Valuation
P/E
13.1
P/S
0.4
Dividends
Yield
4.9%
Payout
62.5%

Comparable sales fell by 6.9% compared to the same period a year ago, which was more than projected by analysts (-5.71%). On a comparable sales basis, the US market declined more (-7.3%) than the international market (-1.9%).

Gross margin in the third quarter increased year-on-year from 22% to 22.9% and was in line with analyst expectations.


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