Best Buy (BBY) shares ga♑ined ground Thursday after the electronics retailer posted better-than-expected results as the post-pandemic slump in demand for its products eased.

Best Buy reported fourth-quarter fiscal 2024 earnings per share of $2.72, versus $2.61 a year earlier, and revenue of $14.65 billion, which was down 0.6%. The top and bottom lines for the quarter through Feb. 3 were both above analysts' estimates.

澳洲幸运5开奖号码历史查询:Same-store sales fell 4.8%, which was a narrower decline than analysts anticipated. The company got a boost from its international segment, which had a sales increase of 2.7% to $1.24 billion. Domestic revenue dropped 0.9% to $13.41 billion.

Chief Executive Officer Corie Barry said that during the quarter and full year Best Buy “demonstrated strong operational execution as we navigated a pressured consumer ꦅelectronics sales environment.” Barry added that the company sees the current year as one of ”increasing industry sales stabilization.”

Best Buy sales rose during the COVID-19 lockdowns as consumers cooped up at home bought more electronics. The company has struggled since as shoppers pulled back🌱 on those purch𒐪ases once pandemic restrictions ended.

Best Buy predicted fiscal year 2025 EPS of $5.75 to $6.20, with revenue in the range of $41.3 billion to $42.6 billion⛎. Those were basically in line with analysts’ forecasts.

The news sent shares of Best Buy to their highest level since July in early trading. The stock was up 1.8% at $81.15 at 2:00 p.m. ET, after rising as high as $86.11 early in the session.