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

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

  • Published: September 2011
  • Standard & Poors

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 READ MORE >

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

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