best buy

Best Buy’s Comps Fall, Stock Price Plummets

Best Buy Co., Inc. (NYSE:BBY)’s stock price plummeted 28.5% yesterday after traders found out that same-store sales (comps) had fallen by 0.9% during the holiday season (the nine week period ending January 4) instead of growing 2.0% as anticipated. The stock closed at $26.88, just 40% of its 52-week high, reports Johanna Bennett for Barron’s.


Plenty of warning for Best Buy’s weak holiday season . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0