The company announced earlier that it incurred $109M of restructuring charges in Q1 FY26 that were primarily associated with a restructuring initiative within the company’s Best Buy (BBY) Health business that commenced in Q1 FY26. The charges primarily represent asset impairments and other costs, Best Buy said.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- JPMorgan cut Best Buy target, sees attractive entry point
- Best Buy price target raised to $69 from $64 at Truist
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories
- Court blocks Trump tariffs, Musk steps away from DOGE: Morning Buzz
- Nintendo Switch 2 Preorder Cancellations & Launch Day Sales Details
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue