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Stock impact report

Best Buy Earnings Beat Highlights Shift To Higher Margin Digital Model [Yahoo! Finance]

Best Buy Co., Inc. (BBY) 
Last best buy co., inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Best Buy (NYSE:BBY) reported stronger than expected Q4 earnings, supported by growth in its Ads and digital marketplace businesses. The company highlighted new small format stores and AI powered customer experiences as key areas of focus. Management raised the dividend, pointing to an emphasis on cash returns to shareholders alongside its evolving retail model. Best Buy enters this next phase with its share price at $65.95 and a mixed return profile. The stock is up 5.1% over the past week and 1.3% over the past month, while returns over 1 year, 3 years, and 5 years have been negative. For investors, the recent quarter provides additional context for those longer term numbers and how the business mix is changing. The company's push into Ads, marketplace services, and AI supported store formats suggests that management is focusing on higher margin and more digit Show less Read more
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