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Risk-to-Price Commentary: AutoZone Inc. And Best Buy Co. Inc. Sep 11

  • ID: 1885641
  • September 2011
  • Standard & Poors
1 of 3

FEATURED COMPANIES

  • Advance Auto Parts Inc.
  • AutoNation Inc.
  • AutoZone Inc.
  • Best Buy Co. Inc.
  • Home Depot Inc.
  • L Brands Inc.
  • MORE

Abstract
Best Buy Co. Inc.'s shares sank as much as 8% intraday Tuesday after the electronics retailer reported a fiscal second-quarter profit shy of the Capital IQ mean estimate. The company said total comparable store sales fell 2.8%, with international same-store sales declining 3.2%, following a 4.3% gain in the same period a year ago. Nevertheless, the company reiterated its previous revenue guidance of $51 billion to $52.5 billion in fiscal 2012 (ending Feb. 29, 2012). Analysts polled by Capital IQ had expected Best Buy to earn $0.52 per share on average. Best Buy reported $0.47 per share for the period, down nearly 22% from the fiscal second quarter of 2011. Revenue of $11.35 billion was lower than the Capital IQ...

Companies mentioned in this report are:
- Home Depot Inc.
- L Brands Inc.
- TJX Cos. Inc.
- Best Buy Co. Inc.
- Staples Inc.
- Advance Auto Parts Inc.
- AutoZone Inc.
- AutoNation Inc.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Home Depot Inc.
- L Brands Inc.
- TJX Cos. Inc.
- Best Buy Co. Inc.
- Staples Inc.
- Advance Auto Parts Inc.
- AutoZone Inc.
- AutoNation Inc.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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