Last month, Best Buy's second-quarter profits topped analysts expectations, but sales came up short.
Eddie Seal | Bloomberg | Getty Imagesis targeting revenue of $50 billion by fiscal 2025, the company announced Wednesday morning ahead of a meeting with investors in New York.
For fiscal 2020, it said it's targeting revenue to fall within a range of $43.1 billion to $43.6 billion.Best Buy previously had been calling for fiscal 2020 earnings per share to fall between $5.60 and $5.75, excluding one-time items. Sales at stores open at least a year were previously expected to rise 0.7% to 1.7% this year.
Analysts, meanwhile, have been calling for the electronics retailer to report earnings per share this fiscal year of between $5.60 and $5.86, on sales of $43.39 billion, according to Refinitiv. For the third and current quarter, analysts have been calling for Best Buy to report earnings per share of $1.03, on sales of $9.7 billion.
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