What Best Buy's Earnings Mean For Mutual Fund Investors (BBY)

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

What Best Buy's Earnings Mean For Mutual Fund Investors (BBY)

Best Buy storefront
On Tuesday morning, Best Buy (BBY) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside BBY’s Earnings

Earnings

Best Buy reported earnings of $519 million, or $1.46 per share, up from $293 million, or 83 cents per share, a year ago. Adjusted EPS came in at $1.47 and beat analysts’ view of $1.35.

Revenue
Sales rose $14.21 billion from $14.03 billion. Analysts expected to see revenue of $14.35 billion. Comparable store sales increased 2%, compared to a 1.3% decline last year.

Buy Backs and Dividends

Profits soared 77% in the fourth quarter, and now shareholders are being rewarded. Best Buy announced that it has added an additional $1 billion authorization to its $5 billion share repurchase program.

Dividend investors were rewarded as well. The retailer boosted its dividend 21% from 19 cents to 23 per share – boosting its yield to approximately 2.4%. Shareholders will also be receiving a special dividend of 51 cents.

Mutual Funds to Watch

Investors interested in BBY may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to BBY while remaining diversified. Investors interested in BBY may also be interested in GameStop (GME).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

Best Buy storefront

What Best Buy's Earnings Mean For Mutual Fund Investors (BBY)

On Tuesday morning, Best Buy (BBY) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside BBY’s Earnings

Earnings

Best Buy reported earnings of $519 million, or $1.46 per share, up from $293 million, or 83 cents per share, a year ago. Adjusted EPS came in at $1.47 and beat analysts’ view of $1.35.

Revenue
Sales rose $14.21 billion from $14.03 billion. Analysts expected to see revenue of $14.35 billion. Comparable store sales increased 2%, compared to a 1.3% decline last year.

Buy Backs and Dividends

Profits soared 77% in the fourth quarter, and now shareholders are being rewarded. Best Buy announced that it has added an additional $1 billion authorization to its $5 billion share repurchase program.

Dividend investors were rewarded as well. The retailer boosted its dividend 21% from 19 cents to 23 per share – boosting its yield to approximately 2.4%. Shareholders will also be receiving a special dividend of 51 cents.

Mutual Funds to Watch

Investors interested in BBY may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to BBY while remaining diversified. Investors interested in BBY may also be interested in GameStop (GME).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next