Fitbit Inc. (NYSE: FIT) is scheduled to report fourth-quarter results after markets close on Monday, but even a positive outcome may be clouded by recent reports that the company’s heart rate monitoring technology was inaccurate. Best Buy Co. Inc (NYSE: BBY) may be looking to get out in front of the earnings report by offering promotional pricing on the company’s fitness trackers for the week of February 22 through 27.
An analyst at Pacific Crest Securities believes that Fitbit had a good fourth quarter but that sales have stalled in the first quarter. Best Buy’s promotion could help, but Fitbit faces tough competition from Apple and, to a lesser degree, Garmin and others.
Best Buy is featuring a Fitbit Charge in a variety of colors, including the large-size slate band (FB404SLL), for $99.99, a savings of $30 off the regular price of $129.99.
A Fitbit Flex activity and sleep tracker with a slate blue band (FB401SL) is selling for $79.99, a savings of $20 from the regular price of $99.99. Six other colors are also available.
Garmin is also getting in on some promotional pricing from Best Buy for its vivofit fitness band.
Shipping is free and Best Buy is also offering its price match guarantee on the wearable devices. With a black (010-01225-00) or purple (010-01225-02) band the tracker is being offered at $49.99, a savings of $30 from the regular price. The vivofit is also eligible for free shipping and the price match guarantee.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.