Best Buy Reporting Tuesday June 19 Before Market Opens
Best Buy (BBY) is expected to post solid Q1 revenue results and adequate Q1 EPS results. Analysts will focus on BBY's same store sales, overall traffic, new stores opened, international performance, higher-margin product performance, overall product mix, labor/benefits costs and retention rates, sector position and margins. Wall Street will also evaluate the performance of BBY’s store-within-a-store initiative, as well as its projections for higher-margin product sales, in general, and television / camcorder sales, in specific, two keys to revenue growth, moving forward. The Reuters Q1 consensus estimate for BBY is EPS 50c and revenue $7.86B.
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