Best Buy's multiple also comes in well below other retailers in the electronics space such as Amazon and Walmart.Despite a predicted 16% drop in earnings this year, analysts expect net income will rise by an average of 7.9% per year over the next five years as the company resumes its growth. Best Buy retained about 81% of its sales level during the six-week portion of the quarter when it limited sales to online ordering and curbside service.Consequently, enterprise revenue fell by only 6.3% on a year-over-year basis. The retailer is the latest to add the requirement as COVID-19 cases rise. The company also earned $0.67 per share in non-GAAP income during the previous quarter. It has also managed to succeed despite competition from Investors should remember that Best Buy sells a lot of large items that some consumers may not want to buy online. BBY: Get the latest Best Buy stock price and detailed information including BBY news, historical charts and realtime prices. While that was a significant drop from the $1.02 per share earned in the same quarter last year, it allowed the company to remain profitable.The time under quarantine shows that this company can prosper under harsh conditions. Why Best Buy's Reopening Is Not a "Sell the News" Event Best Buy offers compelling growth and income prospects at a reasonable stock price.
Still, the last few months have shown how well the company can perform during a shutdown. Together, we can transform your living space with the latest HDTVs, computers, smart home technology, and gaming consoles like Xbox One, PlayStation 4 and Nintendo Switch. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Filed Under: Best Buy, KCAL 9, Los Angeles, Los Angeles News, Thanksgiving Day LOS ANGELES (CBSLA) — Best Buy is joining Walmart, Target and Dick’s Sporting Goods in … July 27, 2020 9:28 a.m. PT. Find the latest Best Buy Co., Inc. (BBY) stock quote, history, news and other vital information to help you with your stock trading and investing. On Wednesday morning, shares were up 5% in premarket trading.On Tuesday, the company said it's also changing the way it pays employees. Best Buy is the latest retailer to announce it will close its doors to customers on Thanksgiving Day. With a relatively low multiple and a comparatively high dividend yield, Best Buy appears poised to continue delivering returns as the company resumes normal operations.
We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Moreover, the payout has risen every year since 2014 and has trended upward since quarterly payouts began in 2004. That includes sales growth of 2% in the U.S. and about 8% internationally, the company said.Online sales have jumped by 255% so far in the second quarter, compared with a year ago.