Best Buy reported a strong fiscal Q2 2027 with revenue up 3.6% to $9.78 billion and comparable sales rising 4.1%, surpassing expectations. Adjusted diluted EPS increased 15% to $1.47, helped partly by $34 million in tariff refunds. Following these results, the company raised its full-year revenue guidance to $42.3-$42.8 billion and adjusted EPS guidance to $6.70-$6.90. Despite the positive outlook, the stock declined due to concerns over the tariff refund's impact and rising component costs.
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...
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 f...
