CHOOTC
2021-11-28
Like
Is the Best Buy Crash an Overreaction to the Retail "Crime Wave"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗?</blockquote>
免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP,发表看法
APP内打开
发表看法
2
6
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":600340440,"tweetId":"600340440","gmtCreate":1638073841106,"gmtModify":1638073841262,"author":{"id":3567209681027469,"idStr":"3567209681027469","authorId":3567209681027469,"authorIdStr":"3567209681027469","name":"CHOOTC","avatar":"https://static.tigerbbs.com/a825ae81d7f171dbbad58815b5ddda79","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":33,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Like</p></body></html>","htmlText":"<html><head></head><body><p>Like</p></body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/600340440","repostId":1169926344,"repostType":4,"repost":{"id":"1169926344","kind":"news","pubTimestamp":1638067822,"share":"https://www.laohunote.com/m/news/1169926344?lang=zh_CN&edition=full","pubTime":"2021-11-28 10:50","market":"us","language":"en","title":"Is the Best Buy Crash an Overreaction to the Retail \"Crime Wave\"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169926344","media":"Motley Fool","summary":"Electronics retailer Best Buy got slammed in the stock market after release of its third-quarter ear","content":"<p>Electronics retailer <a href=\"https://laohu8.com/S/BBY\"><b>Best Buy</b></a> got slammed in the stock market after release of its third-quarter earnings report on Nov. 23 that revealed some potentially alarming trends. Up until then, the company had enjoyed a nice bull run with its stock climbing some 40% for the year. However, with organized crime actually significant enough to reduce margins and with the company leaving its guidancelargely unchanged, the stock plunged in response.</p><p><blockquote>电子产品零售商<a href=\"https://laohu8.com/S/BBY\"><b>百思买</b></a>11 月 23 日发布第三季度收益报告后,该公司在股市遭受重创,该报告揭示了一些潜在的令人担忧的趋势。在此之前,该公司一直享受着良好的牛市行情,其股价今年上涨了约 40%。然而,由于有组织犯罪实际上严重到足以降低利润率,并且该公司保持其指引基本不变,该股因此暴跌。</blockquote></p><p> Here's why the market may be overreacting, but also why caution is probably wise.</p><p><blockquote>这就是为什么市场可能反应过度,但也是为什么谨慎可能是明智的。</blockquote></p><p> A retail theft wave continues</p><p><blockquote>零售盗窃浪潮仍在继续</blockquote></p><p> In the first half of September, grocery and pharmacy chain <b>Kroger</b>(NYSE:KR) revealed that a considerable amount ofmerchandise was walking out the doorof many locations without visiting the checkout lane first. Theft (known as \"shrinkage\") had reduced Kroger's margin, according to CEO Rodney McMullen, accounting for 15 out of a 60-basis-point gross margin drop. DuringKroger's Q2 earnings call, McMullen remarked on how the shrinkage was \"heavily driven by organized crime or at least appears to be.\"</p><p><blockquote>9月上半月,杂货和药店连锁<b>克罗格</b>(纽约证券交易所股票代码:KR)透露,相当多的商品在没有先去收银台的情况下就走出了许多地点的大门。首席执行官罗德尼·麦克马伦 (Rodney McMullen) 表示,盗窃(称为“缩水”)降低了克罗格的利润率,占毛利率下降 60 个基点中的 15%。在克罗格第二季度财报看涨期权上,麦克马伦评论了业绩萎缩是如何“在很大程度上受到有组织犯罪的推动,或者至少看起来是这样”的。</blockquote></p><p> \"Organized crime\" in this case refers to loosely associated groups or \"flash mobs\" of thieves. Kroger's geographic mix may be boosting the theft rate with California accounting for almost 10% of its stores. That state's new policy, reducing thefts under $950 to a misdemeanor, means police often don't bother investigating. So the Golden State now has two of the five top U.S. cities for retail theft.</p><p><blockquote>本案中的“有组织犯罪”是指松散联系的团体或小偷的“快闪族”。克罗格的地理组合可能会提高盗窃率,加利福尼亚州占其商店的近 10%。该州的新政策将950美元以下的盗窃降低为轻罪,这意味着警方通常懒得调查。因此,金州现在拥有美国五大零售盗窃城市中的两个。</blockquote></p><p> Now, the same trend is gnawing away at Best Buy's margins. In a CNBC interview, CEO Corie Barry said groups of thieves are \"targeting stores, and going in and grabbing large swaths of merchandise and running out.\" In addition to reducing margins, Barry pointed out that \"for our employees, these are traumatic experiences, and they're happening more and more.\"</p><p><blockquote>现在,同样的趋势正在蚕食百思买的利润率。首席执行官科里·巴里 (Corie Barry) 在接受 CNBC 采访时表示,一群窃贼“以商店为目标,进去抢走大片商品,然后跑出去”。除了利润率下降之外,巴里还指出,“对于我们的员工来说,这些都是创伤性经历,而且这种情况越来越频繁地发生。”</blockquote></p><p> Calling the rise of open pilfering \"a horrible change in the trajectory of the business,\" she said the crime wave is affecting worker retention, possibly causing frightened employees to quit while there's already a labor shortage.</p><p><blockquote>她称公开盗窃的增加是“商业轨迹的可怕变化”,并表示犯罪浪潮正在影响员工的保留,可能会导致受惊的员工在劳动力短缺的情况下辞职。</blockquote></p><p> Barry also identified California as a theft epicenter, but said major cities elsewhere are also seeing the same trend. The Q3 earnings report itself indicates a total margin drop of 60 basis points year over year, from 24% to 23.4%, as a result. Promotions and other factors also contributed to the slump.</p><p><blockquote>巴里还指出加州是盗窃中心,但他说其他地方的主要城市也出现了同样的趋势。第三季度收益报告本身显示,毛利率同比下降 60 个基点,从 24% 降至 23.4%。促销和其他因素也导致了低迷。</blockquote></p><p> Less than stellar year-over-year gains</p><p><blockquote>不如出色的同比涨幅</blockquote></p><p> Best Buy's Q3 saw its main financial metrics improve over last year's results, but only narrowly. Revenue climbed a meager 0.48% year over year while domestic comparable sales, or comps, rose just 2%. Earnings per share (EPS) gained just 1%. The company's full-year guidance only increased slightly while several metrics remained flat compared to previous forecasts.</p><p><blockquote>百思买第三季度的主要财务指标较去年有所改善,但幅度较小。收入同比仅增长 0.48%,而国内可比销售额(comps)仅增长 2%。每股收益 (EPS) 仅增长 1%。该公司的全年指引仅略有增加,而与之前的预测相比,几个指标保持不变。</blockquote></p><p> However, zooming out to a two-year comparison reveals a more upbeat growth trajectory. Q3's $11.9 billion in revenue jumped more than 22% from two years ago while adjusted EPS vaulted 84% to $2.08. No doubt, last year's results were distorted by COVID-19. Just as some companies saw sales deflate because of lockdowns, so Best Buy clearly gained as people sat at home and bought extra electronics to support their work and leisure activities. But longer-term, Best Buy still appears to be operating robustly.</p><p><blockquote>然而,放大到两年的比较,会发现增长轨迹更加乐观。第三季度 119 亿美元的收入比两年前增长了 22% 以上,调整后每股收益猛增 84% 至 2.08 美元。毫无疑问,去年的结果被新冠肺炎扭曲了。正如一些公司因封锁而销售额萎缩一样,随着人们坐在家里购买额外的电子产品来支持他们的工作和休闲活动,百思买显然受益。但从长远来看,百思买似乎仍然运营强劲。</blockquote></p><p> Did the market overreact to Best Buy's report?</p><p><blockquote>市场是否对百思买的报告反应过度?</blockquote></p><p> Best Buy's share price plunged nearly 16% on the day it released its Q3 earnings -- though it rebounded to a 12% loss by the close of trading. The negativity persisted into the next day, raising the question of whether Wall Street is correct in its pessimism or if investor sentiment is showing an exaggerated reaction to the results.</p><p><blockquote>百思买发布第三季度财报当天股价暴跌近 16%,但在收盘时股价反弹至 12% 的跌幅。这种负面情绪持续到第二天,引发了一个问题:华尔街的悲观情绪是否正确,或者投资者情绪是否对结果表现出了夸大的反应。</blockquote></p><p> Neither Best Buy's slightly weak performance nor its shoplifting problem seem sufficient on their own to explain such a sharp plunge. What appears likely is that the two factors together startled investors into a sell-off, which then fed on itself. The theft, while it may continue or even increase in the face of an ineffective government response, still only moved margins downward a few basis points.</p><p><blockquote>百思买略显疲软的业绩和入店行窃问题本身似乎都不足以解释如此大幅的暴跌。看起来可能的是,这两个因素共同让投资者措手不及,导致抛售,然后自食其力。尽管在政府应对无效的情况下,盗窃行为可能会持续甚至增加,但仍然只使利润率下降了几个基点。</blockquote></p><p> Revenue shows reasonable growth and earnings increased strongly over the past two years. At this point, Best Buy still looks like a decently, though not outstandingly, positiveretail stockthat could be worthwhile to consider.</p><p><blockquote>过去两年,收入呈现合理增长,盈利强劲增长。在这一点上,百思买看起来仍然是一只值得考虑的体面的、尽管并不出色的积极零售股票。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Best Buy Crash an Overreaction to the Retail \"Crime Wave\"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗?</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Best Buy Crash an Overreaction to the Retail \"Crime Wave\"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-28 10:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Electronics retailer <a href=\"https://laohu8.com/S/BBY\"><b>Best Buy</b></a> got slammed in the stock market after release of its third-quarter earnings report on Nov. 23 that revealed some potentially alarming trends. Up until then, the company had enjoyed a nice bull run with its stock climbing some 40% for the year. However, with organized crime actually significant enough to reduce margins and with the company leaving its guidancelargely unchanged, the stock plunged in response.</p><p><blockquote>电子产品零售商<a href=\"https://laohu8.com/S/BBY\"><b>百思买</b></a>11 月 23 日发布第三季度收益报告后,该公司在股市遭受重创,该报告揭示了一些潜在的令人担忧的趋势。在此之前,该公司一直享受着良好的牛市行情,其股价今年上涨了约 40%。然而,由于有组织犯罪实际上严重到足以降低利润率,并且该公司保持其指引基本不变,该股因此暴跌。</blockquote></p><p> Here's why the market may be overreacting, but also why caution is probably wise.</p><p><blockquote>这就是为什么市场可能反应过度,但也是为什么谨慎可能是明智的。</blockquote></p><p> A retail theft wave continues</p><p><blockquote>零售盗窃浪潮仍在继续</blockquote></p><p> In the first half of September, grocery and pharmacy chain <b>Kroger</b>(NYSE:KR) revealed that a considerable amount ofmerchandise was walking out the doorof many locations without visiting the checkout lane first. Theft (known as \"shrinkage\") had reduced Kroger's margin, according to CEO Rodney McMullen, accounting for 15 out of a 60-basis-point gross margin drop. DuringKroger's Q2 earnings call, McMullen remarked on how the shrinkage was \"heavily driven by organized crime or at least appears to be.\"</p><p><blockquote>9月上半月,杂货和药店连锁<b>克罗格</b>(纽约证券交易所股票代码:KR)透露,相当多的商品在没有先去收银台的情况下就走出了许多地点的大门。首席执行官罗德尼·麦克马伦 (Rodney McMullen) 表示,盗窃(称为“缩水”)降低了克罗格的利润率,占毛利率下降 60 个基点中的 15%。在克罗格第二季度财报看涨期权上,麦克马伦评论了业绩萎缩是如何“在很大程度上受到有组织犯罪的推动,或者至少看起来是这样”的。</blockquote></p><p> \"Organized crime\" in this case refers to loosely associated groups or \"flash mobs\" of thieves. Kroger's geographic mix may be boosting the theft rate with California accounting for almost 10% of its stores. That state's new policy, reducing thefts under $950 to a misdemeanor, means police often don't bother investigating. So the Golden State now has two of the five top U.S. cities for retail theft.</p><p><blockquote>本案中的“有组织犯罪”是指松散联系的团体或小偷的“快闪族”。克罗格的地理组合可能会提高盗窃率,加利福尼亚州占其商店的近 10%。该州的新政策将950美元以下的盗窃降低为轻罪,这意味着警方通常懒得调查。因此,金州现在拥有美国五大零售盗窃城市中的两个。</blockquote></p><p> Now, the same trend is gnawing away at Best Buy's margins. In a CNBC interview, CEO Corie Barry said groups of thieves are \"targeting stores, and going in and grabbing large swaths of merchandise and running out.\" In addition to reducing margins, Barry pointed out that \"for our employees, these are traumatic experiences, and they're happening more and more.\"</p><p><blockquote>现在,同样的趋势正在蚕食百思买的利润率。首席执行官科里·巴里 (Corie Barry) 在接受 CNBC 采访时表示,一群窃贼“以商店为目标,进去抢走大片商品,然后跑出去”。除了利润率下降之外,巴里还指出,“对于我们的员工来说,这些都是创伤性经历,而且这种情况越来越频繁地发生。”</blockquote></p><p> Calling the rise of open pilfering \"a horrible change in the trajectory of the business,\" she said the crime wave is affecting worker retention, possibly causing frightened employees to quit while there's already a labor shortage.</p><p><blockquote>她称公开盗窃的增加是“商业轨迹的可怕变化”,并表示犯罪浪潮正在影响员工的保留,可能会导致受惊的员工在劳动力短缺的情况下辞职。</blockquote></p><p> Barry also identified California as a theft epicenter, but said major cities elsewhere are also seeing the same trend. The Q3 earnings report itself indicates a total margin drop of 60 basis points year over year, from 24% to 23.4%, as a result. Promotions and other factors also contributed to the slump.</p><p><blockquote>巴里还指出加州是盗窃中心,但他说其他地方的主要城市也出现了同样的趋势。第三季度收益报告本身显示,毛利率同比下降 60 个基点,从 24% 降至 23.4%。促销和其他因素也导致了低迷。</blockquote></p><p> Less than stellar year-over-year gains</p><p><blockquote>不如出色的同比涨幅</blockquote></p><p> Best Buy's Q3 saw its main financial metrics improve over last year's results, but only narrowly. Revenue climbed a meager 0.48% year over year while domestic comparable sales, or comps, rose just 2%. Earnings per share (EPS) gained just 1%. The company's full-year guidance only increased slightly while several metrics remained flat compared to previous forecasts.</p><p><blockquote>百思买第三季度的主要财务指标较去年有所改善,但幅度较小。收入同比仅增长 0.48%,而国内可比销售额(comps)仅增长 2%。每股收益 (EPS) 仅增长 1%。该公司的全年指引仅略有增加,而与之前的预测相比,几个指标保持不变。</blockquote></p><p> However, zooming out to a two-year comparison reveals a more upbeat growth trajectory. Q3's $11.9 billion in revenue jumped more than 22% from two years ago while adjusted EPS vaulted 84% to $2.08. No doubt, last year's results were distorted by COVID-19. Just as some companies saw sales deflate because of lockdowns, so Best Buy clearly gained as people sat at home and bought extra electronics to support their work and leisure activities. But longer-term, Best Buy still appears to be operating robustly.</p><p><blockquote>然而,放大到两年的比较,会发现增长轨迹更加乐观。第三季度 119 亿美元的收入比两年前增长了 22% 以上,调整后每股收益猛增 84% 至 2.08 美元。毫无疑问,去年的结果被新冠肺炎扭曲了。正如一些公司因封锁而销售额萎缩一样,随着人们坐在家里购买额外的电子产品来支持他们的工作和休闲活动,百思买显然受益。但从长远来看,百思买似乎仍然运营强劲。</blockquote></p><p> Did the market overreact to Best Buy's report?</p><p><blockquote>市场是否对百思买的报告反应过度?</blockquote></p><p> Best Buy's share price plunged nearly 16% on the day it released its Q3 earnings -- though it rebounded to a 12% loss by the close of trading. The negativity persisted into the next day, raising the question of whether Wall Street is correct in its pessimism or if investor sentiment is showing an exaggerated reaction to the results.</p><p><blockquote>百思买发布第三季度财报当天股价暴跌近 16%,但在收盘时股价反弹至 12% 的跌幅。这种负面情绪持续到第二天,引发了一个问题:华尔街的悲观情绪是否正确,或者投资者情绪是否对结果表现出了夸大的反应。</blockquote></p><p> Neither Best Buy's slightly weak performance nor its shoplifting problem seem sufficient on their own to explain such a sharp plunge. What appears likely is that the two factors together startled investors into a sell-off, which then fed on itself. The theft, while it may continue or even increase in the face of an ineffective government response, still only moved margins downward a few basis points.</p><p><blockquote>百思买略显疲软的业绩和入店行窃问题本身似乎都不足以解释如此大幅的暴跌。看起来可能的是,这两个因素共同让投资者措手不及,导致抛售,然后自食其力。尽管在政府应对无效的情况下,盗窃行为可能会持续甚至增加,但仍然只使利润率下降了几个基点。</blockquote></p><p> Revenue shows reasonable growth and earnings increased strongly over the past two years. At this point, Best Buy still looks like a decently, though not outstandingly, positiveretail stockthat could be worthwhile to consider.</p><p><blockquote>过去两年,收入呈现合理增长,盈利强劲增长。在这一点上,百思买看起来仍然是一只值得考虑的体面的、尽管并不出色的积极零售股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/11/27/is-the-best-buy-crash-an-overreaction-to-the-retai/\">Motley Fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBY":"百思买"},"source_url":"https://www.fool.com/investing/2021/11/27/is-the-best-buy-crash-an-overreaction-to-the-retai/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169926344","content_text":"Electronics retailer Best Buy got slammed in the stock market after release of its third-quarter earnings report on Nov. 23 that revealed some potentially alarming trends. Up until then, the company had enjoyed a nice bull run with its stock climbing some 40% for the year. However, with organized crime actually significant enough to reduce margins and with the company leaving its guidancelargely unchanged, the stock plunged in response.\nHere's why the market may be overreacting, but also why caution is probably wise.\nA retail theft wave continues\nIn the first half of September, grocery and pharmacy chain Kroger(NYSE:KR) revealed that a considerable amount ofmerchandise was walking out the doorof many locations without visiting the checkout lane first. Theft (known as \"shrinkage\") had reduced Kroger's margin, according to CEO Rodney McMullen, accounting for 15 out of a 60-basis-point gross margin drop. DuringKroger's Q2 earnings call, McMullen remarked on how the shrinkage was \"heavily driven by organized crime or at least appears to be.\"\n\"Organized crime\" in this case refers to loosely associated groups or \"flash mobs\" of thieves. Kroger's geographic mix may be boosting the theft rate with California accounting for almost 10% of its stores. That state's new policy, reducing thefts under $950 to a misdemeanor, means police often don't bother investigating. So the Golden State now has two of the five top U.S. cities for retail theft.\nNow, the same trend is gnawing away at Best Buy's margins. In a CNBC interview, CEO Corie Barry said groups of thieves are \"targeting stores, and going in and grabbing large swaths of merchandise and running out.\" In addition to reducing margins, Barry pointed out that \"for our employees, these are traumatic experiences, and they're happening more and more.\"\nCalling the rise of open pilfering \"a horrible change in the trajectory of the business,\" she said the crime wave is affecting worker retention, possibly causing frightened employees to quit while there's already a labor shortage.\nBarry also identified California as a theft epicenter, but said major cities elsewhere are also seeing the same trend. The Q3 earnings report itself indicates a total margin drop of 60 basis points year over year, from 24% to 23.4%, as a result. Promotions and other factors also contributed to the slump.\nLess than stellar year-over-year gains\nBest Buy's Q3 saw its main financial metrics improve over last year's results, but only narrowly. Revenue climbed a meager 0.48% year over year while domestic comparable sales, or comps, rose just 2%. Earnings per share (EPS) gained just 1%. The company's full-year guidance only increased slightly while several metrics remained flat compared to previous forecasts.\nHowever, zooming out to a two-year comparison reveals a more upbeat growth trajectory. Q3's $11.9 billion in revenue jumped more than 22% from two years ago while adjusted EPS vaulted 84% to $2.08. No doubt, last year's results were distorted by COVID-19. Just as some companies saw sales deflate because of lockdowns, so Best Buy clearly gained as people sat at home and bought extra electronics to support their work and leisure activities. But longer-term, Best Buy still appears to be operating robustly.\nDid the market overreact to Best Buy's report?\nBest Buy's share price plunged nearly 16% on the day it released its Q3 earnings -- though it rebounded to a 12% loss by the close of trading. The negativity persisted into the next day, raising the question of whether Wall Street is correct in its pessimism or if investor sentiment is showing an exaggerated reaction to the results.\nNeither Best Buy's slightly weak performance nor its shoplifting problem seem sufficient on their own to explain such a sharp plunge. What appears likely is that the two factors together startled investors into a sell-off, which then fed on itself. The theft, while it may continue or even increase in the face of an ineffective government response, still only moved margins downward a few basis points.\nRevenue shows reasonable growth and earnings increased strongly over the past two years. At this point, Best Buy still looks like a decently, though not outstandingly, positiveretail stockthat could be worthwhile to consider.","news_type":1,"symbols_score_info":{"BBY":0.9}},"isVote":1,"tweetType":1,"viewCount":1311,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/600340440"}
精彩评论