86 annotations
there is a consumer propensity to spend on services like concerts and vacations in lieu of goods
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2024 Q4
24 Mar 24
we expect to see the benefit of the natural upgrade and replacement cycles for the tech bot early in the pandemic kick in this year and into the next few years
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2024 Q4
24 Mar 24
We ended the quarter and year with 7 million members across our 2-tiered My Best Buy paid memberships.
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2024 Q4
24 Mar 24
Then customer demand strengthened considerably and was higher than we expected during the 4 days before Christmas.
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2024 Q4
24 Mar 24
Then customer demand strengthened considerably and was higher than we expected during the 4 days before Christmas.
(No comment added)
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2024 Q4
24 Mar 24
the sales lull in December was even steeper than we had modeled
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2024 Q4
24 Mar 24
customers were very deal-focused through the holiday season, and the promotional environment overall was in line with our expectations
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2024 Q4
23 Mar 24
we fully lapped last year’s national rollout in October
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2023 Q3
6 Dec 22
increased penetration of digital sales, which, as Corie mentioned, has nearly doubled since the start of the pandemic
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2023 Q3
6 Dec 22
places where we can offer value. And for us, that’s across the spectrum of price points, especially when we are still seeing consumers bear towards those more premium products
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2023 Q3
6 Dec 22
our own data would actually say we have improved our price competitiveness, both compared to last year and compared to pre-pandemic
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2023 Q3
6 Dec 22
it’s not aggregating at this point into an overall impact that we are seeing consistently across every single category
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2023 Q3
6 Dec 22
within some specific categories, we are seeing some cohorts of customers trading down
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2023 Q3
6 Dec 22
our blended mix of premium product is higher, both in units and dollars than both last year and pre-pandemic
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2023 Q3
6 Dec 22
we are seeing good mix into higher television sizes and premium products over the last couple of years
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2023 Q3
6 Dec 22
computing, I will start with that.
I think it was actually a large driver of a sales decline in Q3. But compared to FY ‘20, it was up 23%.
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2023 Q3
6 Dec 22
we talked about how the core of our rate is actually slightly up compared to where it was pre-pandemic. And that’s adjusting for – nearly doubling of the online mix in addition to absorbing all of the inflationary costs that we have seen over the last couple of years
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2023 Q3
6 Dec 22
OI rate might – is going to be impacted by the level of sales that happen
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2023 Q3
6 Dec 22
we don’t necessarily see a lot of change to the product margin rates from next – from this year into next year
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2023 Q3
6 Dec 22
we would expect some of those initiatives, the pressure from coming from would lessen a little bit as we get into next year, but more so even later into FY ‘25
(No comment added)
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2023 Q3
6 Dec 22