Best Buy (NYSE:BBY) Reports Drop in Holiday Sales; Supported by Surprising Strong US Sales – CONN, RSH, HGG, BBY

Best Buy Co., Inc’s (NYSE:BBY) holiday sales moved down but were assisted by a unexpectedly strong showing in the United States, while the Richfield, Minnesota based corporation warned of free cash flow that keeps on to fall off.

Best Buy, the world’s largest consumer-electronics retail chain by sales, reported that same-store sales moved down 1.4%, coming in usually better than projected. While global same-store sales struggled with a quick decline of 6.4%, they were counterbalance by surprisingly resilient United States comparable store sales, which were unchanged.

On the other hand, Best Buy again shatters its forecasts for yearly free cash flow, lowering the estimates to $500 million and halving its earlier estimates’ top end.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector.CONN’S, Inc.(NASDAQ:CONN) climbed +2.53% to settle at $28.76, RadioShack Corporation(NYSE:RSH) moved up +5.71% to end at $2.22 while hhgregg, Inc.(NYSE:HGG) jumped +1.81% to finish at $7.89 on Friday.

Best Buy Co., Inc.(NYSE:BBY) last session’s volume of 45.79million shares was higher than its average volume of 10.09million shares. The stock after opening at $13.10hit high price of $14.38and then closed at $14.21by scoring +16.38%.

BBY generated revenue of $49.54billion in the previous twelve months and earned -$14.83.00million. The Company showed a negative -0.34% in the net profit margin as well as in its operating margin which remained at 0.76%. Company’s annual sales growth for the past five years was -8.78%.

The BBY’s past twelve months’ price to sales ratio was 0.10and price to cash ratio remained 15.55. As far as the returns are concerned, BBY’s return on equity was recorded as -32.18% and return on investment decreased-2.35%while its return on asset stayed at -0.83%.

The stock showed weekly upbeat performance of 17.34% which was maintained for the month at 17.34%. Likewise the negative performance for the quarter was recorded as -19.22% and for the year was -40.24% while the YTD performance remained at 19.92%.

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