0
General

Best Buy narrows sales outlook after comparable growth of 1.6% in July quarter

Friday 30 August 2019 | 11:05 CET | News
US retailer Best Buy narrowed its full-year sales growth outlook, while increasing its forecast for earnings in the fiscal year. This follows sales on the low end of its outlook for the July quarter and better-than-expected earnings for the period. The  new outlook takes into account the US's increased import tariffs on certain Chinese goods as well as the uncertain economic climate and its impact on consumer spending. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Best Buy
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Best Buy tops guidance with 2.1% comparable FY sales growth

Published 27 Feb 2020 15:49 CET | United States
US retailer Best Buy reported results ahead of guidance for its fiscal year to January, with comparable sales growing 2.1 ...

Best Buy raises FY guidance after strong Q3, positive outlook for Q4

Published 26 Nov 2019 16:25 CET | United States
US retailer Best Buy raised its outlook for annual adjusted profits, citing strong profitability in Q3 and an improved outlook ...

Apple taps Best Buy to expand repair service

Published 20 Jun 2019 11:25 CET | United States
Apple completed a major expansion of its Apple authorised service network in cooperation with Best Buy. Nearly 1,000 Best Buy ...

Best Buy keeps FY guidance despite better-than-expected Q1, citing uncertainties around China tariffs

Published 23 May 2019 14:26 CET | United States
For the quarter, enterprise revenues went higher to USD 9.142 billion from 9.109 billion the year before, with domestic revenues ...

Best Buy CFO promoted to CEO

Published 16 Apr 2019 09:56 CET | United States
Best Buy has named a new CEO. Corie Barry, currently Best Buy's CFO, will start heading the company after its AGM scheduled for ...

Best Buy starts new USD 3 bln share buyback programme, ups div after strong Q4

Published 27 Feb 2019 17:32 CET | United States
Best Buy raised its quarterly dividend by 11 percent to USD 0.50 per share and approved a new USD 3 billion share buyback ...

Best Buy raises FY outlook again after 4.3% comparable sales growth in Q3

Published 20 Nov 2018 15:47 CET | United States
Best Buy has raised its full-year outlook again after reporting a strong fiscal third quarter. Comparable sales rose 4.3 percent ...

Best Buy to acquire Jitterbug phone maker for USD 800 mln

Published 16 Aug 2018 09:11 CET | United States
US retailer Best Buy has agreed to acquire GreatCall, the make of seniors phones and apps under the brands Lively and Jitterbug, ...





Calendar   /   Industry Events

21 Apr Ericsson Q1 2021
21 Apr Vivendi Q1 2021
21 Apr Orange Belgium Q1 2021
21 Apr Verizon Q1 2021
21 Apr Rogers Communications Q1 2021
21 Apr HKBN H1 results
21 Apr Crown Castle Q1 2021
21 Apr Netgear Q1 2021
21 Apr Elisa Q1 2021
21 Apr Proximus AGM
22 Apr Tele2 Q1 2021
22 Apr Orange Q1 2021
22 Apr Intel Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Snap Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr AT&T Q1 2021
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr Alphabet Q1 2021
27 Apr Siminn Q1 2021
27 Apr Juniper Networks Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
27 Apr Sequans Q1 2021
27 Apr Corning Q1 2021
27 Apr Calix Q1 2021
::: More Calendar Items