BEST BUY $BBY JUST REPORTED Q2 EARNINGS
- Revenue: $9.8B, beating est. of $9.59B 🟢
- Adj EPS: $1.47, beating est. of $1.38 🟢
- Comparable Sales: +4.1%
- Operating Margin: 4.3%; +160 bps YoY
RAISES FY27 GUIDANCE
- Revenue: $42.3B-$42.8B, above est. of $42B 🟢
- Adj EPS: $6.70-$6.90, above est. of $6.58 🟢
- Comparable Sales: +1.9% to +3.0%, raised from -1.0% to +1.0%
- Adj Operating Income Rate: 4.4% to 4.5%, raised from 4.3% to 4.4%
- CapEx: ~$750M, unchanged
Q3 GUIDANCE
- Comparable Sales: +1.0% to +3.0%
- Adjusted Operating Income Rate: 4.1% to 4.2%