BBY Stock Recent News

U.S. stocks traded mostly higher midway through trading, with the S&P 500 gaining around 0.4% on Thursday.

U.S. equities were mixed at midday, dropping from their morning highs after a federal trade court blocked some of President Donald Trump's tariffs. The S&P 500 and Nasdaq were up, the Dow Jones Industrial Average fell.

Jobless Claims Come in Higher.

Best Buy Co., Inc. (NYSE:BBY ) Q1 2026 Earnings Conference Call May 29, 2025 8:00 AM ET Company Participants Mollie O'Brien - Head of Investor Relations Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Jason Bonfig - Senior Executive Vice President, Customer Offerings and Fulfillment Conference Call Participants Scot Ciccarelli - Truist Securities Michael Baker - DA Davidson Greg Melich - Evercore ISI Loren Eng - Morgan Stanley Peter Keith - Piper Sandler Steven Zaccone - Citi Brian Nagel - Oppenheimer Jonathan Matuszewski - Jefferies Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's First Quarter Fiscal 2026 Earnings Conference Call.

Best Buy Co Inc (NYSE:BBY) posted mixed earnings for the first quarter and cut its full-year sales and profit outlook as tariffs have increased the cost of electronics, sending its shares almost 10% lower. For fiscal 2026, the retailer now expects revenue in the range of $41.1 billion to $41.9 billion, down from its earlier guidance of $41.4 billion to $42.2 billion Comparable sales are expected to be -1% to 1%, compared to earlier guidance of flat to 2%.

Best Buy Co Inc  (NYSE:BBY) reported a revenue miss for the first quarter, but the bigger news is a slashed full-year sales outlook, as the cost of electronics jumps due to President Donald Trump's tariffs.

The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended April 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Best Buy Co Inc BBY is trading lower Thursday after the retailer's first-quarter 2026 earnings fell short of expectations.

Home Depot, whose first-quarter earnings fell just below analyst expectations despite beating revenue projections, according to FactSet, reported the company will hold onto its forecast for full-year sales. Chief Financial Officer Richard McPhail told CNBC that, “because of our scale” and Home Depot's “great partnerships” with suppliers, the company plans to “generally maintain our current pricing levels across our portfolio.

Best Buy (BBY) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.20 per share a year ago.