On Air
Open In Popup
MPR News

Best Buy, Target report earnings next week

Share story

Best Buy and Target will report earnings next week.

Wall Street investors will be hoping for solid sales and earnings reports that bode well for the critical holiday shopping season that is starting to get underway.

Investors have become especially bullish about Best Buy and its future prospects, quadrupling the share price in the past year. Analysts will be looking to see if the retailer can end 12 straight quarters of sales declines at stores open at least 14 months.

They'll also be interested in the impact Best Buy's policy of matching competitors' prices has had on sales and profits.

With Target, Wall Street will be looking to see how the uneven economic recovery has affected the retailer's results. Arch-rival Walmart has been suffering as its customers continue to be squeezed by the recession.

But Target's customers tend to be more affluent and less affected by economic ups and downs.