http://market-ticker.org/akcs-www?post=174917
Lol, check out Karl's re-write of Best Buy's CEO Brian Dunn's earnings report.
High five Karl, you rang the bell lol.
Best Buy (NYSE: BBY) went Bye-Bye and blew up this morning on a monster earnings miss.
Grandma got run over by a reindeer...... right through the hole in your same-store sales numbers!
Unit sales declined, same-store sales declined, profits missed.
But Christmas was going to be so gooooood!
Uh, no.
Same store sales down 3.3% over the last three months, including Black Friday? What happened to the CNBS claims that Black Friday was "excellent", "awesome", "Big Box stores all did good"?
Diluted EPS of 0.54 is basically identical to the last quarter's 0.53, which is horrifying given seasonality. Revenue was down as well.
