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Investor Outlook: Anthony Chukumba, Managing Director, Loop Capital [BNN Bloomberg (Canada)]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The results offered a measure of relief despite ongoing concerns about consumer demand and potential memory shortages affecting key product categories. BNN Bloomberg spoke with Anthony Chukumba, managing director at Loop Capital, about the earnings beat, the company's cost discipline and competitive positioning against Amazon, and how rising gas prices could influence consumer spending trends. Key Takeaways Best Buy reported adjusted fourth-quarter earnings per share of $2.61, beating estimates of $2.46, while comparable sales declined 0.8 per cent. Fiscal 2026 earnings guidance of $6.30 to $6.60 per share implies roughly flat year-over-year performance, easing fears of a sharper slowdown. Investors had been concerned that memory shortages could weigh on PC and smartphone demand, but guidance was not as weak as some expected. Management continues to focus on cost control and margin-accretive initiatives such as its third-party marketplace and retail media network. Compet
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