Mobile Sales Drive Margin Growth for Best Buy

Mon, 09/20/2010 - 05:17 EDT - Seeking Alpha

BBY
Trefis

Trefis submits:
We recently lowered our price estimate for Best Buy (NYSE:BBY) from about $42 to $41, largely because the company’s second-quarter earnings report reflected continued caution in U.S. consumer spending. Best Buy competes with brick-and-mortar retailers like Wal-Mart (NYSE:WMT) and Costco (NASDAQ:CSCO) in the consumer electronics business, along with online merchants like Amazon (NASDAQ:AMZN). On the bright side, Best Buy reported improving gross margins in the second quarter, mostly driven by significant growth in its Best Buy Mobile business.Complete Story »

Original article
Login or register to post comments

Retailers Push for Amazon Sales Tax: Should Costco Care?
Trefis submits: Retailers like Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) are campaigning to force Amazon (NASDAQ:AMZN) to pay sales taxes.
Amazon Furthers Its International Growth With Purchase of U.K. Bookseller
By Trefis: Six months after acquiring European movie-rental site Lovefilm International Ltd., Amazon (NASDAQ:AMZN) recently agree to buy The Book Depository, U.K.’s largest dedicated online bookseller that provides free worldwide delivery of over six million book titles. [1] This acquisition will not only fuel Amazon
Wal-Mart's Revenue Per Square Foot: Risk of Downside Remains
Trefis submits: Wal-Mart (NYSE:WMT) has suffered a decline in its U.S. stores’ revenue per square foot for the past few years. Although we forecast stabilization, there remains a risk of downside to our base estimates. Below we take a closer look at this risk.
Best Buy Connect Is a Step in the Right Direction
Trefis submits: Best Buy (NYSE:BBY), although facing issues with its traditional business, seems to be making progress in the connectivity arena.
Best Buy Stock Close to its Intrinsic Value
Trefis submits: Barron’s analyst Jonathan R. Laing recently issued a bullish forecast for Best Buy (NYSE:BBY).
3D TV May Not Boost Best Buy Stock
Trefis submits: Consumer electronics insiders are hoping that 3D TV adoption will goose their industry’s revenues and profit margins.
What a Discounted Kindle 3G Means to Amazon Stock
Trefis submits: The Kindle 3G page on Amazon (NASDAQ:AMZN) [1] proudly states that Kindle is Amazon’s number 1 bestseller and has the most 5 star reviews of any product on Amazon.
Best Buy Prepares for Declining DVD Sales With CinemaNow Offering
Trefis submits: Best Buy (NYSE:
Kroger: Earnings Preview
Zacks.com submits: The Kroger Company (KR), one of the largest US grocery retailers, is scheduled to report its second-quarter 2010 financial results on Tuesday, September 14, 2010. The current Zacks Consensus Estimate for the quarter is 36 cents a share.
Can Wal-Mart Create a Successful Banking Business?
Trefis submits: Retail giant Wal-Mart (NYSE:WMT) has been pushing into the financial services market lately. The company already operates retail banking businesses in Canada and Mexico. In the US, one of the most recent initiatives include a program that allows U.S.

Main menu

Secondary menu

Mobile Sales Drive Margin Growth for Best Buy

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu