Best Buy's Top-Line Trends Remain Pressured, Says Analyst
Best Buy's Top-Line Trends Remain Pressured, Says Analyst
BofA Securities analyst Robert F. Ohmes reiterated an Underperform rating on the shares of Best Buy Co Inc (NYSE:BBY) with a price target of $70.00.
美銀證券分析師羅伯特·奧姆斯重申了對百思買公司（紐約證券交易所代碼：BBY）股票的表現不佳的評級，目標股價爲70.00美元。
Best Buy is expected to report first-quarter FY25 earnings on May 30.
百思買預計將於5月30日公佈25財年第一季度收益。
The analyst's model assumes an enterprise comparable sales decline of (5)%, a modest deceleration from (4.8)% reported in the fourth quarter.
分析師的模型假設企業可比銷售額下降了（5）％，較第四季度公佈的（4.8）％略有減速。
Spending at consumer electronics (CE) & hobby retailers remains negative but improved to (7.2)% in the first quarter vs. (8.6)% in the fourth quarter, per BAC aggregated credit & debit card data, noted the analyst.
分析師指出，根據BAC的信用卡和借記卡彙總數據，消費電子產品（CE）和業餘愛好零售商的支出仍爲負數，但從第四季度的（8.6％）提高到第一季度的（7.2％）。
While laptop units trended positive in F4Q and Feb, the analyst does not expect innovation in laptops to spur a replacement cycle this year.
儘管筆記本電腦在第四季度和2月份呈現積極趨勢，但分析師預計今年筆記本電腦的創新不會刺激更換週期。
The analyst anticipates continued weakness in the appliance category given y/y declines in pricing and higher retail promotions and market share pressures from competitor Costco Wholesale Corporation (NASDAQ:COST).
該分析師預計，鑑於定價同比下降以及零售促銷活動增加以及競爭對手好市多批發公司（納斯達克股票代碼：COST）的市場份額壓力，家電類別將持續疲軟。
A recovery in BBY's monthly active users on mobile app suggests an improvement in domestic digital comps in the first quarter, opined the analyst.
分析師認爲，BBY在移動應用程序上的月活躍用戶有所回升，這表明第一季度國內數字業績有所改善。
The analyst forecasts gross margin expansion in FY25, given profitability improvements to membership program which are expected to be another 45 basis points benefit in FY25.
該分析師預測，鑑於會員計劃的盈利能力有所提高，預計25財年將再增加45個點子的收益，毛利率將在25財年增長。
BBY has taken steps to reposition its labor force in 1H to reflect recent sales trends and right-size areas where it expects to see lower volume, said the analyst.
該分析師表示，BBY已採取措施在上半年調整其勞動力，以反映最近的銷售趨勢，並調整其預計銷量將減少的領域。
The analyst maintains Underperform rating, given challenging industry trends and uncertainty around the timing of a replacement cycle.
鑑於艱難的行業趨勢和替代週期時間的不確定性，分析師維持表現不佳的評級。
BBY stock has gained more than 1% in the last 12 months. Investors can gain access to the stock via Invesco S&P Ultra Dividend Revenue ETF (NYSE:RDIV) and Invesco S&P 500 High Dividend Low Volatility ETF (NYSE:SPHD).
在過去的12個月中，BBY的股票上漲了1％以上。投資者可以通過景順標普超股息收入ETF（紐約證券交易所代碼：RDIV）和景順標普500指數高股息低波動率ETF（紐約證券交易所代碼：SPHD）獲得該股的投資機會。
Price Action: BBY shares are trading higher by 1.97% at $74.13 at the last check Wednesday.
價格走勢：在週三的最後一次檢查中，BBY股價上漲1.97％，至74.13美元。
Image via Shutterstock
圖片來自 Shutterstock
譯文內容由第三人軟體翻譯。