{"id":71160,"date":"2022-08-30T21:10:24","date_gmt":"2022-08-30T17:10:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71160"},"modified":"2022-08-30T21:10:57","modified_gmt":"2022-08-30T17:10:57","slug":"best-buys-earnings-beat-despite-retreating-sales","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/best-buys-earnings-beat-despite-retreating-sales\/08\/30\/market-updates\/","title":{"rendered":"Best Buy\u2019s earnings beat despite retreating sales"},"content":{"rendered":"\n<p>Best Buy earnings report is out, on Tuesday, with better than expected profits, but the quality of the earnings report is in focus. The electronics retailer saw US same-store sales tanked 12.7%, missing analyst estimates.<\/p>\n\n\n\n<p>Sales retreated in all product categories. And Q3 guidance hints had a slow start to the back to school shopping season.<\/p>\n\n\n\n<p>The market looks to be ready for celebrating volatility and uneven results. But, with a careful look into the company\u2019s earnings report, there is a clear decline in all product categories, large declines. Minus-16.6% decline in the computing and mobile phone category.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Best Buy earnings report is out, on Tuesday, with better than expected profits, but the quality of the earnings report is in focus. The electronics retailer saw US same-store sales tanked 12.7%, missing analyst estimates. Sales retreated in all product categories. And Q3 guidance hints had a slow start to the back to school shopping &hellip;<\/p>\n","protected":false},"author":13,"featured_media":71165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[9948,7113],"class_list":["post-71160","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-best-buy","tag-earnings"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71160"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71160\/revisions"}],"predecessor-version":[{"id":71166,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71160\/revisions\/71166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71165"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}