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Best Buy shares rise on earnings beat, even as electronics sales slow

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Summary
Nutrition label

80% Informative

Best Buy topped Wall Street's fiscal first-quarter earnings expectations, but missed on sales.

The retailer affirmed its full-year outlook, as inflation hits household budgets.

Shares rose more than 4% in pre-market trading.

CEO: Customers Thursday early feeling cautious quarterly ng tradeoff decisions". XRT this year March pan> full-year maryFeed_hig between $43.8 billion and $45.2 billion pan class="summaryFeed_highLightT fiscal year >this year between 3% and 6% Text__NxlGi">$ more than 4% n Corie Barry hLight Best Buy lGi">69.15 Wednesday Best Buy StreetAccount the quarter 10.1% three-month yFeed_highLightText April 29 >Comparable the year-agoRefinitiv pan class="summaryFeed_hi 1.15 ghtText__NxlGi" 1.11 .65 billion < $9.47 billion ummar $9.52 billion htText__NxlGi">a year earlierthe first quarter ummaryFee $244 million ext__N 1.11 ">1.49 $341 million

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92

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semi-formal

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English

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33

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