Best Buy Boosts Sales, Raises Forecasts
Update: 2025-11-25
Description
Best Buys latest quarterly sales surpassed expectations, driven by tech purchases like computers, gaming consoles, and smartphones. The electronics giant raised its revenue and earnings per share forecasts, now anticipating full-year revenue between $41.65 billion and $41.95 billion, and adjusted earnings per share between $6.00 and $6.35. Comparable sales are now expected to rise between 0.5% and 1.2%, a significant improvement from earlier predictions. Despite a decrease in net income, overall revenue for the fiscal third quarter rose from $9.45 billion in the year-ago period, indicating strong sales activity.
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