Why Best Buy Stock Unplugged Today
Best Buy(BBY) The Motley Fool·2025-03-04 18:46Why did Best Buy's stock take a nosedive today, despite a respectable earnings report?Shares of Best Buy (BBY -12.28%) plunged on Tuesday, following a robust earnings report with a side of worrisome management comments. The stock price dropped by as much as 15.9% in the morning session, recovering to a 13.2% loss by 1 p.m. ET.The numbers are better than they lookIn the fourth quarter of fiscal year 2025, Best Buy's sales fell 4.8% year over year to $13.9 billion. To be fair, this reporting period was a stan ...