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Update: Best Buy's Fiscal Q2 Adjusted Earnings, Revenue Increase; Lifts Fiscal 2027 Outlook

Update: Best Buy's Fiscal Q2 Adjusted Earnings, Revenue Increase; Lifts Fiscal 2027 Outlook

MT newswireMT newswire2026/08/27 11:53
07:53 AM EDT, 08/27/2026 (MT Newswires) -- (Updates to include fiscal 2027 comparable sales outlook in the seventh paragraph and most recent stock move in the last paragraph) Best Buy (BBY) reported fiscal Q2 adjusted earnings Thursday of $1.47 per diluted share, up from $1.28 a year earlier. Analysts polled by FactSet expected $1.39. Revenue for the quarter ended Aug. 1 was $9.78 billion, compared with $9.44 billion a year earlier. Analysts polled by FactSet expected $9.59 billion. The company raised its fiscal 2027 adjusted EPS guidance to $6.70 to $6.90, compared with the prior outlook of $6.30 to $6.60, and expects revenue of $42.30 billion to $42.80 billion, compared with $41.20 billion to $42.10 billion previously. Analysts polled by FactSet expect $6.62 in adjusted EPS on revenue of $42.08 billion. Best Buy said it now expects fiscal 2027 comparable sales growth of 1.9% to 3%, compared with its prior guidance of a decline of 1% to a growth of 1%. Best Buy shares were down more than 4% in premarket trading Thursday. Price: 83.40, Change: -4.04, Percent Change: -4.62
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