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Retailers Warn Of Price Increases Due To Trump Tariffs As Consumer Health Concerns Persist
Thursday, March 6, 2025 - 12:52pm | 694Retailers are facing selling pressure this week following warnings about continued consumer uncertainty and the potential impacts of tariffs. What To Know: Trade war fears are rising after President Donald Trump imposed 25% tariffs on imports from Canada and Mexico earlier this week. Trump also...
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Best Buy CEO Says Price Hikes 'Highly Likely' As Tariffs Take Effect
Tuesday, March 4, 2025 - 12:32pm | 498Best Buy Co., Inc. (NYSE:BBY) CEO Corie Barry said on Tuesday's earnings call that President Donald Trump's tariffs will increase prices for consumers and have implications for the entire industry. What To Know: Barry said China and Mexico are the company's top two sources, respectively, and the...
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What's Going On With Best Buy Shares Today?
Tuesday, May 24, 2022 - 11:59am | 269Best Buy Co (NYSE: BBY) shares are volatile Tuesday following the company's first-quarter financial results, which were released before the market opened. Best Buy reported first-quarter revenue of $10.65 billion, which beat the estimate of $10.43 billion, according to data from ...
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Jim Cramer Highlights Work-From-Home Trend That Could Boost Best Buy, HP Shares
Thursday, April 7, 2022 - 10:14am | 297Best Buy Co Inc (NYSE: BBY) CEO Corie Barry will be featured on "Mad Money" Thursday night with Jim Cramer. What To Know: On CNBC's "Squawk On The Street," Cramer teased the show with a work-from-home trend he has noticed of late. "When the pandemic started, people...
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What's Going On With Best Buy Shares Today?
Thursday, March 3, 2022 - 10:05am | 241Best Buy Co Inc (NYSE: BBY) is trading higher Thursday after the company reported fourth-quarter financial results and raised its quarterly dividend. Best Buy said fourth-quarter revenue declined 2.3% year-over-year to $16.36 billion, which came in below the $16.59 billion estimate. The...
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Why Best Buy Shares Are Falling Today
Tuesday, November 23, 2021 - 12:52pm | 243Best Buy Co Inc (NYSE: BBY) is trading significantly lower Tuesday after the company announced its fiscal 2022 third-quarter financial results and issued comparable sales guidance below expectations. Best Buy reported quarterly earnings of $2.08 per share, which beat the estimate of $1.91 per share...
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Why Best Buy Shares Are Trading Higher Today
Tuesday, August 24, 2021 - 9:20am | 203Best Buy Co Inc (NYSE: BBY) is trading higher Tuesday after the company announced better-than-expected second-quarter financial results and issued guidance above estimates. Best Buy reported quarterly adjusted earnings of $2.98 per share, which beat the estimate of $1.85 per share. The...
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Why Best Buy's Stock Is Trading Higher Today
Thursday, May 27, 2021 - 8:09am | 256Best Buy Co Inc (NYSE: BBY) is trading higher Thursday morning after the company announced better-than-expected earnings results attributed to very high demand for technology products and services. What Happened: Best Buy reported quarterly earnings of $2.23 per share, which beat the estimate...
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Best Buy Investigating Allegations Of Improper Relationship Between CEO, Company Exec
Friday, January 17, 2020 - 5:56pm | 333Best Buy Co Inc (NYSE: BBY) shares fell in Friday's after-hours session after the retailer's board said it's investigating an anonymous letter accusing CEO Corie Barry of misconduct. The Dec. 7 letter alleged Barry had an inappropriate romantic relationship with Karl Sanft, a...
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From Outstanding To Talented: Morgan Stanley On Best Buy's CEO Shuffle
Tuesday, April 16, 2019 - 2:38pm | 355Best Buy Co Inc (NYSE: BBY) said Monday CFO Corie Barry will transition to the CEO role and replace Hubert Joly in what should be a "smooth transition," according to Morgan Stanley. The Analyst Morgan Stanley's Simeon Gutman maintains an Equal-weight rating on Best Buy with a $77...
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Cramer: Best Buy Is Still A Good Buy
Friday, September 15, 2017 - 11:13am | 377Just five years ago, Best Buy Co Inc (NYSE: BBY) was considered to be a "showroom for Amazon.com, Inc. (NASDAQ: AMZN)," whose days as a viable retailer are numbered, CNBC's Jim Cramer said during his daily "Mad Money" show. Fast forward to today and the company "has...
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Best Buy Management Lunch: 3 Takeaways
Thursday, June 23, 2016 - 8:53am | 291Following a lunch with Best Buy Co Inc (NYSE: BBY) management, Barclays’ Matthew McClintock mentioned that the company has three key areas of priority. McClintock maintains an Overweight rating on Best Buy, with a price target of $45. The management lunch on June 22 was attended by CEO Hubert...