Best Buy Co. Inc.
BBY
Market Cap$21.96B
Close$
Earnings Call Q2 2024
August 29, 2023 - AI Summary
**Financial Performance**: Best Buy reported better-than-expected Q2 results; Enterprise revenue of $9.6 billion, down 6.2% year-over-year (YOY) on a comparable basis, reflecting improved performance from the 10% decline last quarter.
**Updated Guidance**: For fiscal 2024, comparable sales are now expected to decline between 4.5% and 6%, narrowing from a previous range. The midpoint of the annual profitability guidance for non-GAAP operating income rate and diluted earnings per share (EPS) has been effectively raised.
**Membership Program Success**: The launch of a revamped three-tiered membership program is showing positive initial results, including an uptick in paid membership sign-ups, indicating improved customer engagement and potential for increased share of wallet.
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$98.88
0.8% downside
Current Fair Value
0.8% downsideOvervalued by 0.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $21.96 Billion |
|---|---|
| Enterprise Value | $25.61 Billion |
| Dividend Yield | $3.76 (3.65734402503423%) |
| Earnings per Share | $5.7 |
| Beta | 1.48 |
| Outstanding Shares | 216,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 17.53 |
|---|---|
| PEG | 282.55 |
| Price to Sales | 0.51 |
| Price to Book Ratio | 5.87 |
| Enterprise Value to Revenue | 0.6 |
| Enterprise Value to EBIT | 14.27 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.2 |
| Debt to Equity | 1.36 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Best Buy Co. Inc.
125,000 employees
CEO: Corie Barry Best Buy is a leading provider of technology products, services and solutions. The company offers expert service at an unbeatable price more than 1.5 billion times a year to the consumers, small business owners and educators who visit ou...