Best Buy's stock pops as earnings crush estimates and it raises dividend

Dow Jones

03-04

MW Best Buy's stock pops as earnings crush estimates and it raises dividend

Best Buy Co. Inc.'s stock jumped 2.8% early Tuesday, after the electronics retailer blew past estimates for the fourth quarter and raised its quarterly dividend by 1%.

Minneapolis-based Best Buy $(BBY)$ had per-share earnings of 54 cents for the quarter, down from $2.12 a year ago. Adjusted for one-time items, EPS came to $2.58, well ahead of the $2.40 FactSet consensus.

Revenue fell to $13.948 billion from $14.646 billion a year ago, but also beat the $13.680 billion FactSet consensus.

Same-store sales rose 0.5%, while FactSet was expecting a 1.5% decline.

Chief Executive Corie Barry said the company is expecting to build on the momentum created in 2024 to ""bring our FY26 strategy to life while we continue to navigate uncertain circumstances."

(This is a breaking news story. Check back for updates)

-Ciara Linnane

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 04, 2025 07:07 ET (12:07 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Check back for updates) \n</p>\n<p>\n     -Ciara Linnane \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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Inc.'s stock jumped 2.8% early Tuesday, after the electronics retailer blew past estimates for the fourth quarter and raised its quarterly dividend by 1%. \n</p>\n<p>\n     Minneapolis-based Best Buy <a href=\"https://laohu8.com/S/BBY\">$(BBY)$</a> had per-share earnings of 54 cents for the quarter, down from $2.12 a year ago. Adjusted for one-time items, EPS came to $2.58, well ahead of the $2.40 FactSet consensus. \n</p>\n<p>\n     Revenue fell to $13.948 billion from $14.646 billion a year ago, but also beat the $13.680 billion FactSet consensus. \n</p>\n<p>\n     Same-store sales rose 0.5%, while FactSet was expecting a 1.5% decline. \n</p>\n<p>\n     Chief Executive Corie Barry said the company is expecting to build on the momentum created in 2024 to \"\"bring our FY26 strategy to life while we continue to navigate uncertain circumstances.\" \n</p>\n<p>\n     (This is a breaking news story. Check back for updates) \n</p>\n<p>\n     -Ciara Linnane \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 04, 2025 07:07 ET (12:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBY","symbol_name":"百思買","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516567817","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516567817","pubTimestamp":1741090020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Best Buy Co. 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