Best Buy: new wave of layoffs







Photo credit © UzirePictures

(Boursier.com) — Best Buy, the American distributor of electronic products, would have carried out an additional wave of layoffs and restructuring last week, ‘The Verge’ understands, citing sources close to the matter. Remember that the group announced last month for its first fiscal quarter 2025, revenues totaling 8.85 billion dollars compared to 9.47 billion a year before. Adjusted diluted earnings per share were $1.20 compared to $1.15 a year earlier. Best Buy’s full-year forecast ranges from $41.3 billion to $42.6 billion in revenue, with comparable sales down 0 to 3 percent, and for adjusted earnings per share ranging from 5.75 to $6.20.


©2024 Boursier.com






Source link -87