Best Buy Earnings Preview: Look Past the Sales Drop
Best Buy (NYSE: BBY) investors are in for a volatile trading week. The retailer is expected to announce on Nov. 23 that sales declined year over year after soaring over the last few quarters. Profitability might take a small step backward, too, thanks to rising supply chain costs.
However, this latest earnings report is also likely to be packed with good news about the business in terms of both big-picture growth trends and the earnings outlook heading into the core holiday shopping season.
Let's take a closer look at what to expect when Best Buy reports fiscal 2022 third-quarter earnings on Tuesday.
Source Fool.com
