BBY Stock Recent News

The retailer says both domestic and international comparable sales slip from the prior year.

Best Buy slashed its annual comparable sales forecast on Thursday, on signs that consumer demand for big-ticket items such as appliances, home theater and gaming consoles will be pressured by U.S. tariffs.

Best Buy's stock BBY fell 2.3% in premarket trading on Thursday after the electronics retailer cut its full-year profit guidance due to the impact of tariffs.

MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 3, 2025 (“Q1 FY26”), as compared to the 13-week first quarter ended May 4, 2024 (“Q1 FY25”).             Q1 FY26 Q1 FY25 Revenue ($ in millions)         Enterprise $ 8,767   $ 8,847   Domestic segment $ 8,127   $ 8,203   International segment $ 640   $ 644   Enterprise comparable sales % change1   (0.7 )%   (6.1 )% Domestic comparable sales % change1   (0.7 )%   (6.3 )% D.

Best Buy's stock (NYSE: BBY) is set to announce its fiscal first-quarter earnings on Thursday, May 29, 2025, with analysts expecting earnings of $1.09 per share from $8.82 billion in revenue. This would indicate a 4% year-over-year decrease in earnings and a flat sales growth compared to the prior year's numbers of $1.13 per share and $8.85 billion in revenue.

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Get a deeper insight into the potential performance of Best Buy (BBY) for the quarter ended April 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Best Buy is likely to report weak fiscal Q1 results. The company anticipates negative comparable sales growth, and declining consumer confidence weighs on especially in April. Weaker consumer confidence and tariffs weigh on the FY2026 outlook. With tariffs excluded from Best Buy's current guidance, I expect that the 30% tariff on China will pressure the guidance. I estimate BBY stock to have 11% downside to $63.3.

Best Buy (BBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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