Best Buy Tops 3Q Revenue, Comp Sales Expectations

Best Buy's third-quarter revenue reached $9.3 billion, surpassing the expected $9.11 billion. Earnings per share were $0.32, higher than the anticipated $0.25. Despite this positive report, Best Buy faces challenges, including declining international revenue and consumer preferences for online shopping. The company struggles with its large physical footprint and reduced in-store activity, as many customers prefer purchasing from online retailers like Amazon.

What was Best Buy's third quarter revenue, and how did it compare to the consensus?

• $9.11 billion, matching the consensus

• $9.3 billion, which exceeded the consensus of $9.11 billion

• $9.11 billion, which was above the consensus of $9.3 billion

• $9.3 billion, which was below the consensus of $9.11 billion

How did Best Buy's earnings per share compare to expectations?

• $0.32 per share, exceeding the expected $0.25

• $0.25 per share, below the expected $0.32

• $0.25 per share, matching expectations

• $0.32 per share, below the expected $0.25

What was the percentage decrease in Best Buy's international revenue?

• 10.1%

• 8.4%

• 12.3%

• 5.2%

What challenge does Best Buy face with its physical stores?

• Too many product categories

• Too large a footprint with insufficient in-store activity

• Too much online competition

• Too few stores in urban areas

What behavior does the speaker describe when visiting Best Buy?

• Purchasing items immediately in-store

• Avoiding Best Buy altogether

• Only visiting during sales

• Browsing in-store but buying online