Best Buy hikes sales forecast as shoppers upgrade tech, splurge on devices [CNBC]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: CNBC
David Paul Morris | Bloomberg | Getty Images Best Buy hiked its full-year forecast Tuesday, as it topped Wall Street's quarterly sales expectations and customers turned to the retailer to upgrade tech devices and splurge on new computers, gaming consoles and smartphones. The consumer electronics retailer said it now expects revenue of between $41.65 billion to $41.95 billion for the full year, higher than its previous range of $41.1 billion to $41.9 billion. It expects adjusted earnings per share of $6.25 to $6.35, compared to its prior range $6.15 to $6.30. Best Buy said it expects full-year comparable sales, a metric that tracks sales online and at stores open at least 14 months, to range between a 0.5% rise to a 1.2% increase, compared to its previous expectations for a 1% decline and a 1% climb. Here's how the retailer did for the three-month period that ended Nov. 1 compared with what Wall Street was expecting, according to a survey of analysts by LSEG: Earnings per sh
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News
- Best Buy Appoints Dylan Jadeja to Board of DirectorsBusiness Wire
- Best Buy (NYSE:BBY) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $95.00 to $93.00. They now have a "buy" rating on the stock.MarketBeat
- Best Buy (NYSE:BBY) had its price target raised by analysts at Daiwa Capital Markets from $76.00 to $80.00. They now have a "neutral" rating on the stock.MarketBeat
- Best Buy (NYSE:BBY) had its price target raised by analysts at JPMorgan Chase & Co. from $97.00 to $99.00.MarketBeat
- Best Buy (NYSE:BBY) was given a new $84.00 price target on by analysts at Truist Financial Corporation.MarketBeat
BBY
Earnings
- 11/25/25 - Beat
BBY
Sec Filings
- 12/5/25 - Form 10-Q
- 12/1/25 - Form 8-K
- 11/25/25 - Form 8-K
- BBY's page on the SEC website