Best Buy sets new financial targets for fiscal 2025 at investor day


Best Buy CEO Corie Barry on Wednesday walked investors through the company’s plan to keep growing sales: staying rooted in the consumer electronics category, while pushing further into in-home services like its Geek Squad network, and growing in health.

The investor meeting held in New York, Best Buy’s first in two years, was a chance for Barry, who took over the chief executive position in June, to lay out fresh five-year financial goals.

The electronics retailer is targeting $50 billion in revenue by fiscal 2025, and expects operating income over that time frame to accelerate to a 5% rate, compared with a growth rate of 4.6% in fiscal 2019. The company also said it plans to cut an…

Source cnbc.com

Bidding wars are taking a strange turn in the fall housing market

Previous article

Levi Strauss, FireEye and more

Next article

You may also like

Leave a Reply

Notify of

More in Earnings