Best Buy reported better-than-expected fiscal Q2 results with 4.1% comparable sales growth and raised its full-year revenue guidance to $42.3-$42.8 billion from $41.2-$42.1 billion. Adjusted earnings per share guidance also increased to $6.70-$6.90 from $6.30-$6.60. The company saw growth across all major categories, driven by computing, and benefited from tariff refunds. Incoming CEO Jason Bonfig highlighted the strong first half and plans to enhance the customer experience with smaller stores and AI integration, despite ongoing industry challenges like tariffs and chip prices.
Best Buy is enhancing its customer experience by launching the AI assistant Ask Blue, integrated with OpenAI to help customers find products and complete purchases via ChatGPT. The company is also expanding its physical presence with smaller-format s...
Best Buy reported second-quarter revenue of $9.8 billion, surpassing analyst estimates and showing a 4% increase year-over-year. Adjusted earnings per share rose 15% to $1.47, beating expectations. The company raised its full-year revenue forecast to...
