Best Buy Remains Confident as 1Q Profit Drops
Excerpt from the InvestorGuide.com Stock of the Day on 6/16/2009

Best Buy may be able to surpass Wall Street's expectations and claim the number one spot, but sales at the electronics chain are far from impressive. The largest electronic chain reported on Tuesday that first-quarter profit fell 15%. For the period ended May 30, Best Buy posted income of $153 million, or 36 cents a share, down from $179 million, or 43 cents a share, a year earlier. The latest quarter included six cents a share in restructuring charges. What factors led to this decline? How does Best Buy believe it will perform in the coming months? More >

Best Buy to Acquire Napster; Next iTunes Competitor?
Excerpt from the InvestorGuide.com Stock of the Day on 9/15/2008

Major electronics retailer Best Buy announced this morning that they are purchasing Napster Inc. (NAPS: Charts, News, Offers), an online retailer of digital music. Currently Best Buy maintains a website where online purchases can be made, but the retailer is still known primarily for its physical store locations. And as pressure increases from popular online retailers such as Amazon (AMZN: Charts, News, Offers), many stores are seeking to increase their online presence. Many companies have previously expressed an interest in acquiring Napster; how was Best Buy able to complete the deal, and what will it mean for these two companies? More >

Best Buy Revises Annual Forecast; Expects Lower Profits
Excerpt from the InvestorGuide.com Stock of the Day on 2/15/2008

Less than two months after upbeat December sales prompted company executives to up the ante on 2008 earnings, Richfield, MN-based Best Buy has had to sheepishly take it all back. The company announced profits in its fourth quarter, which includes December, will not be as robust as expected, and that 2008 probably won't meet expectations either. The news did not make investors happy, what with the rosy predictions in December and the reiteration made in January. With the economy taking on water and consumers keeping a tight grip on their wallets, Best Buy could be in for a rough year. Does the company have any tricks up its sleeves, or will it take its punches lying down? More >

Best Buy's Q1 Profit Falls 18 Percent   6/19/2007

Best Buy Sales Up 7%, Beat Analyst Expectations   1/5/2007

Best Buy's Q3 Results Disappoint   12/12/2006

Best Buy's December Sales Jump 12 Percent   1/6/2006

Best Buy Profit Leaps, Stock Bounds Past All-Time Highs   6/14/2005

Best Buy Posts Higher Q4 Profit   4/1/2005