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Best Buy's Trading Volume Drops 44.4% Ranking 374th in Market
Generated by AI AgentAinvest Volume Radar
Friday, May 30, 2025 8:51 pm ET1min read
On May 30, 2025, Best Buy's trading volume was $428 million, a 44.4% decrease from the previous day, ranking 374th in the day's stock market.
(BBY) fell 0.06%, marking the third consecutive day of decline, with a total drop of 8.22% over the past three days.Best Buy reported its first-quarter results for fiscal year 2026, revealing a slight decrease in comparable sales by 0.7% and a diluted earnings per share (EPS) of $1.15, which exceeded the GAAP EPS of $0.95. The company's enterprise revenue declined to $8.77 billion, down from $8.85 billion year-over-year. The adjusted effective tax rate was 27.0%, compared to 24.7% last year. The lower effective tax rate was attributed to various factors, including changes in the geographic mix of earnings and the impact of tax legislation.
Despite the slight decline in revenue and earnings, Best Buy's adjusted operating income for the quarter was stronger than expected. The company's online domestic sales increased by 2.1%, supporting overall performance. Best Buy's focus has shifted towards its Marketplace, Ads, and boosting operational efficiency. The company announced a regular quarterly cash dividend, reflecting its commitment to returning value to shareholders.
Best Buy's mixed results for the first quarter of fiscal year 2026 included a decrease in enterprise revenue of 0.9% to $8.77 billion for the quarter. The company reported a net income of $202 million, which was impacted by restructuring charges. The company's adjusted EPS came in at $1.15, above the GAAP EPS of $0.95. The company's domestic revenue decreased by 0.9% from last year to $8.13 billion.
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