Revenue is expected to arrive at $10.4 billion (-10.3% YoY). 'We see more downside than upside risk due to rising inflation and interest rates, affordability issues for key products, the Ukraine war further weighing on consumer confidence, and additional supply-chain issues in China,' says Wedbush analyst Seth Basham (Neutral).Īnd these pressures, as well as tough stimulus-related year-over-year comparisons, led to a sharp drop in store traffic trends in March, he adds.įor BBY's first-quarter, analysts, on average, are anticipating a 26.9% year-over-year (YoY) drop in earnings to $1.63 per share.

Among them is electronics retailer Best Buy, slated to unveil its first-quarter results ahead of Tuesday's open. Wall Street will get a closer look at the group this week, with a number of retailers set to report. Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.

'Although Q1 topline growth surprised to the upside, lingering pandemic supply-chain issues as well as higher freight, fuel and labor costs weighed down on both companies' profits.'

retailers Target and Walmart presented a grim outlook at their earnings calls,' says the BCA Research Daily Insights team.

Nvda earning calendar