Best Buy (BBY) Stock Analysis: Buy The BBY Stock Dip?


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Earlier this week Best Buy (#BBY) announced Q4 earnings and reported solid numbers. Unfortunately the numbers didn't impress investors or analysts and the shares dipped.


Although the company reported revenue of $16.9B (+11.2% Y/Y), investors were more worried about FY22 guidance. Initial FY22 outlook for comparable sales growth is in the range of (-2%) to +1%, which isn't signaling growth. Shares of Best Buy have dipped (-13%) since the report. Should investors take advantage and buy BBY stock while it's off from its highs?


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Thanks to the Best Buy website for the photo of CFO Matt Bilunas