Best Buy: reduces FY guidance
(CercleFinance.com) - Best Buy has said that it now expects adjusted diluted EPS of 8.
40 to 9.00 dollars for the current fiscal year, down from 8.85 to 9.15 dollars, with an adjusted operating margin of about 5.2%-5.4%, down from the previous estimate of about 5.4%.
The consumer electronics chain added that it was targeting revenue of 48.3-49.9 billion dollars, compared with the previous target range of 49.3-50.8 billion dollars, with comparable sales down by 3% to 6%, against a previous forecast of a 1% to 4% fall.
Best Buy has posted Q1 adjusted EPS that is down nearly 30% to 1.57 dollar and an adjusted operating margin that is down 1.8% to 4.6%, on revenues that are down 8.5% to just over 10.6 billion dollars (-8% on a comparable basis).
Copyright (c) 2022 CercleFinance.com. All rights reserved.
40 to 9.00 dollars for the current fiscal year, down from 8.85 to 9.15 dollars, with an adjusted operating margin of about 5.2%-5.4%, down from the previous estimate of about 5.4%.
The consumer electronics chain added that it was targeting revenue of 48.3-49.9 billion dollars, compared with the previous target range of 49.3-50.8 billion dollars, with comparable sales down by 3% to 6%, against a previous forecast of a 1% to 4% fall.
Best Buy has posted Q1 adjusted EPS that is down nearly 30% to 1.57 dollar and an adjusted operating margin that is down 1.8% to 4.6%, on revenues that are down 8.5% to just over 10.6 billion dollars (-8% on a comparable basis).
Copyright (c) 2022 CercleFinance.com. All rights reserved.