Best Buy Reports 4.3% Revenue Growth for Q2, Raises Full-Year Guidance
Best Buy reported a 4.3% year-over-year increase in second-quarter revenue to $9.78 billion and raised its full-year guidance due to higher sales and improved profitability. Domestic comparable sales rose by 4.5%, driven by growth in computing, home theatre, AI glasses, and trading cards categories. However, international revenue declined by 4.2% to $709 million amid weaker performance and foreign exchange impacts. Operating income surged by 67.7% to $421 million with an improved operating margin of 4.3%, while net earnings increased by 69.4%. CEO Corie Barry, who will step down in October 2026, highlighted the company's outperformance against expectations. Incoming CEO Jason Bonfig raised FY27 revenue guidance to $42.3 billion–$42.8 billion and adjusted EPS guidance to $6.70–$6.90.
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