Risk-to-Price Commentary: AutoZone Inc. And Best Buy Co. Inc. Sep 11
Standard & Poors, September 2011
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.,Limited 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 economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Home Depot Inc.,Limited Brands Inc,TJX Cos. Inc.,Best Buy Co. Inc.,Staples Inc.,Advance Auto Parts Inc.,AutoZone Inc.,AutoNation Inc.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
