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BBY Jun 2024 65.000 put
| Previous close | 0.5100 |
| Open | 0.5900 |
| Bid | 0.5900 |
| Ask | 0.6500 |
| Strike | 65.00 |
| Expiry date | 2024-06-21 |
| Day's range | 0.5900 - 0.6400 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.36k |
ReutersBest Buy set for tenth straight quarter of sales drop on weak electronics spending
Best Buy is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured despite easing inflation. He said a recovery in demand at Best Buy is not expected until the second half of this year. Best Buy was one of the first among top U.S. retailers to see a slump in demand when inflation hit decades high in 2022 and customers cut back on big-ticket expenses.
StockStoryEarnings To Watch: Best Buy (BBY) Reports Q1 Results Tomorrow
Electronics retailer Best Buy (NYSE:BBY) will be announcing earnings results tomorrow morning. Here's what investors should know.
- Yahoo Finance Video
Stocks eye PCE, rate cut forecast, retail earnings: 3 Things
Stocks (^DJI, ^IXIC, ^GSPC) are eager to cap off the final trading week of May on a high note ahead of the Federal Reserve's preferred inflation gauge data, the Personal Consumption Expenditures (PCE) Price Index, due out on Friday, May 31. Investors pull back their forecasts for potential interest rate cuts in September as more Fed officials seek more clarity from fresh inflation data. Costco (COST), Best Buy (BBY), and Dollar General (DG) are just some of the major retailers that will be reporting earnings this week. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
