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Keyword: bby

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  • Best Buy Crashes As Margins Slide Due To “Organized Retail Theft”

    11/23/2021 10:54:55 AM PST · by blam · 43 replies
    Nation And State ^ | 11-23-2021
    Liberal socialist utopias such as California are a blessing for deadbeat klepto hobos from around the world thanks to the state’s lack of prosecution of shoplifting, but the same policies are becoming a major headache for nationwide retailers such as Best Buy which this morning reported that despite beating on the top and bottom line (revenues of $11.9 billion vs expectations of $11.7BN, EPS of $2.08, beating est of $1.96), its margins missed, echoing the same margin crunch theme that emerged recently with big box retailers such as Walmart. Gross margin fell 0.1% to 23.5%, Best Buy said, missing the...
  • Best Buy Crashes As Margins Slide Due To "Organized Retail Theft"

    11/23/2021 10:49:14 AM PST · by SeekAndFind · 25 replies
    Nation and State ^ | 11/23/2021 | Tyler Durden
    Liberal socialist utopias such as California are a blessing for deadbeat klepto hobos from around the world thanks to the state's lack of prosecution of shoplifting, but the same policies are becoming a major headache for nationwide retailers such as Best Buy which this morning reported that despite beating on the top and bottom line (revenues of $11.9 billion vs expectations of $11.7BN, EPS of $2.08, beating est of $1.96), its margins missed, echoing the same margin crunch theme that emerged recently with big box retailers such as Walmart.Gross margin fell 0.1% to 23.5%, Best Buy said, missing the 23.6%...