Last month, Best Buy's second-quarter profits topped analysts expectations, but sales came up short.
Eddie Seal | Bloomberg | Getty Imagesis targeting revenue of $50 billion by fiscal 2025, the company announced Wednesday morning ahead of a meeting with investors in New York.
For fiscal 2020, it said it's targeting revenue to fall within a range of $43.1 billion to $43.6 billion.Best Buy previously had been calling for fiscal 2020 earnings per share to fall between $5.60 and $5.75, excluding one-time items. Sales at stores open at least a year were previously expected to rise 0.7% to 1.7% this year.
Analysts, meanwhile, have been calling for the electronics retailer to report earnings per share this fiscal year of between $5.60 and $5.86, on sales of $43.39 billion, according to Refinitiv. For the third and current quarter, analysts have been calling for Best Buy to report earnings per share of $1.03, on sales of $9.7 billion.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Spring 2020 Makeup Looks From the Runways of London, Milan and Paris Fashion WeekThe best spring 2020 makeup looks from the runways of London, Milan and Paris Fashion Week.
Read more »
See the Best-Dressed Celebrities at Milan Fashion Week Spring 2020Before we all head off to Paris next week.
Read more »
The Best Street Style Looks From Milan Fashion Week Spring 2020See all of our favorite looks from MFW, all in one place:
Read more »
This Is the Best Dish Rack Money Can BuyWe tested 13 dish racks to determine which is the best at keeping your dishes—and your countertop—dry.
Read more »
Healthcare May Eventually Become A Bigger Business For Best Buy Than Selling ElectronicsBest Buy is known as the largest U. S. specialty electronics retailer, but some day, it may be better identified with healthcare instead.
Read more »
The 25 Best Costco Liquors, Wines & Beers You Should BuyGrocery-store whisperer Katie Workman makes a case for stocking up on booze while you're at the warehouse.
Read more »