The man walks next to the Best Buy store in American Dream Mall on November 29, 2024. At East Rutherford City.
Kena Betancur | Getty Images
Best to buy Tuesday He announced his earnings and revenues in the fourth quarter that exceeded the expectations, but Corie Barry CEO predicted that the prices for US consumers would increase while Tariff President Donald Trump on China and Mexico entered into force.
At the invitation to earn Best Buy, Barry said China and Mexico were the first two sources of supply.
“Trade is critically important for our business and industry, consumer electronic supply chain is very global, technically and complex,” Barry said. “We expect that our suppliers will transfer to a certain level of tariff costs throughout our range, which increases prices for US consumers.”
Here’s how the Consumer Electronics Company did compared to what Wall Street was expecting for Fiscal 2025 fourth The district ended on February 1. On the basis of an research by LSEG analyst:
- Earnings per share: $ 2.58 adjusted to $ 2,40
- Income: A $ 13.95 billion is expected in relation to $ 13.70 billion
The fourth quarter revenue reduced 4.8% with $ 14.65 billion over the same period a year ago.
Best Buy reported in the fourth quarter Net revenue of $ 117 million, or 54 cents per share, compared to a net revenue of $ 460 million, or $ 2,12 per share, over a period before the year before. Adapting to compensation for goodwill damage related to Best Buy health and other restructuring initiatives, Best Buy reported about earnings in the fourth quarter in the amount of $ 2.58 per share.
Comparable sales, defined by Best Buy, opens at least 14 months as an internet sales and store revenue, has increased 0.5% compared to the year for the quarter, excluding an additional week in Fiscal 2024. prognosis The change moves from the apartment to down 3%. In the US, a quarterly comparable sales increased 0.2% compared to the year.
The entire fiscal revenue of 2025. It was $ 41.53 billion, a drop of 4.4% compared to $ 43.45 billion in 2024. The Fiscal 2025 Best Buy had one less week than the previous year, which the saleswoman estimated $ 735 million in revenue of the total number of 2024.
For a fiscal 2026. The company issued year -round guidelines of $ 41.4 billion to $ 42.2 billion in revenue and comparable sales growth from 0% to 2% of the year.
“We believe that consumer behavior will be largely similar to the last year – it remains resistant, but it still deals with high inflation that increases costs during their lives, making them values focused and thoughtful about the large ticket purchases. And at the same time, we continue to see a consumer who is willing to spend on high prices when they should be published in technology.
Best buy said the guidelines do not take into account the influence of recent or proposed tariffs. Corie Barry CEO said 60% of the costs of goods come from China and that Mexico is the second largest importer.
President Donald Trump has imposed an additional 10% tariff On China starting at Tuesday, above 10% of tariffs to the ground he ordered in January. In addition, 25% of the duties on the goods Mexico and Canada also start on Tuesday.
