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Home / Business and Economy / Best Buy Beats Q3 Expectations, Raises Guidance

Best Buy Beats Q3 Expectations, Raises Guidance

13 Dec

•

Summary

  • Best Buy reported Q3 results exceeding analyst expectations.
  • The company raised its full-year adjusted EPS guidance.
  • Comparable-sales growth was driven by computing and gaming.
Best Buy Beats Q3 Expectations, Raises Guidance

Best Buy Co., Inc. (BBY), a major consumer electronics retailer, recently announced a positive third-quarter performance that exceeded market expectations. The company reported adjusted earnings per share of $1.40 on revenue of $9.67 billion, alongside a 2.7% increase in enterprise comparable sales. Key product categories driving this growth included computing, gaming, and mobile phones, indicating a healthy demand for these essential technology items.

In light of its strong Q3 showing, Best Buy has elevated its financial outlook for the full year. The company has now guided for 2026 adjusted earnings per share to be between $6.25 and $6.35, reflecting management's optimism about continued business momentum. This upward revision in guidance suggests that Best Buy anticipates sustained consumer interest and successful execution of its business strategies in the coming periods.

Despite some recent stock underperformance compared to market trends and rivals like Ulta Beauty, analysts maintain a generally favorable view of Best Buy. The stock holds a consensus rating of 'Moderate Buy' with a mean price target suggesting potential upside. This analyst sentiment, coupled with the recent positive Q3 results and raised guidance, indicates that Best Buy is navigating the current retail landscape effectively.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Best Buy reported Q3 2026 adjusted EPS of $1.40 and revenue of $9.67 billion, exceeding expectations.
Yes, Best Buy increased its 2026 adjusted EPS guidance to $6.25 - $6.35.
Growth was primarily driven by strong performance in computing, gaming, and mobile phones.

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