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.
美银证券分析师罗伯特·奥姆斯重申了对百思买公司（纽约证券交易所代码：BBY）股票的表现不佳的评级，目标股价为70.00美元。
Best Buy is expected to report first-quarter FY25 earnings on May 30.
百思买预计将于5月30日公布25财年第一季度收益。
The analyst's model assumes an enterprise comparable sales decline of (5)%, a modest deceleration from (4.8)% reported in the fourth quarter.
分析师的模型假设企业可比销售额下降了（5）％，较第四季度公布的（4.8）％略有减速。
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.
分析师指出，根据BAC的信用卡和借记卡汇总数据，消费电子产品（CE）和业余爱好零售商的支出仍为负数，但从第四季度的（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.
尽管笔记本电脑在第四季度和2月份呈现积极趋势，但分析师预计今年笔记本电脑的创新不会刺激更换周期。
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).
该分析师预计，鉴于定价同比下降以及零售促销活动增加以及竞争对手好市多批发公司（纳斯达克股票代码：COST）的市场份额压力，家电类别将持续疲软。
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.
分析师认为，BBY在移动应用程序上的月活跃用户有所回升，这表明第一季度国内数字业绩有所改善。
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.
该分析师预测，鉴于会员计划的盈利能力有所提高，预计25财年将再增加45个基点的收益，毛利率将在25财年增长。
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.
该分析师表示，BBY已采取措施在上半年调整其劳动力，以反映最近的销售趋势，并调整其预计销量将减少的领域。
The analyst maintains Underperform rating, given challenging industry trends and uncertainty around the timing of a replacement cycle.
鉴于艰难的行业趋势和替代周期时间的不确定性，分析师维持表现不佳的评级。
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).
在过去的12个月中，BBY的股票上涨了1％以上。投资者可以通过景顺标普超股息收入ETF（纽约证券交易所代码：RDIV）和景顺标普500指数高股息低波动率ETF（纽约证券交易所代码：SPHD）获得该股的投资机会。
Price Action: BBY shares are trading higher by 1.97% at $74.13 at the last check Wednesday.
价格走势：在周三的最后一次检查中，BBY股价上涨1.97％，至74.13美元。
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