Yesterday, $BBY-0.9% Best Buy reported:
Sales fell 7.8% year-over-year to $9.76 billion, missing analyst estimates of $9.9 billion. Of the total sales, $9 billion came from the U.S. market. Online sales accounted for 30.6%.
Capital Structure
Market Cap
21.2B
Enterpr. Val.
24.0B
Valuation
P/E
17.0
P/S
0.5
Comparable sales fell by 6.9% compared to the same period a year ago, which was more than projected by analysts (-5.71%). On a comparable sales basis, the US market declined more (-7.3%) than the international market (-1.9%).
Gross margin in the third quarter increased year-on-year from 22% to 22.9% and was in line with analyst expectations.