Best Buy tops quarterly estimates, raises outlook as computing shows strength

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  "detected_at": "2026-08-27T11:01:05+00:00",
  "company": {
    "name": "Best Buy",
    "domain": "bestbuy.com"
  },
  "data": {
    "url": "https://www.cnbc.com/2026/08/27/best-buy-bby-q2-2027-earnings.html",
    "title": "Best Buy tops quarterly estimates, raises outlook as computing shows strength",
    "excerpt": "In this article Best Buy on Thursday reported better-than-expected fiscal second-quarter results and raised its full-year outlook as the company's recovery showed more signs of taking hold. The consumer electronics retailer said it saw comparable sales growth of 4.1% during the second quarter, compared to its previous outlook of just 1%, and saw a \"higher-than-expected\" adjusted operating income rate. Best Buy said it drove growth across all of its major categories, with a surge in computing contributing to that strength. Best Buy also raised its full fiscal year financial guidance due to what incoming CEO Jason Bonfig called its \"strong first half performance.\" The company now expects revenue of between $42.3 billion and $42.8 billion, compared to prior guidance of a range between $41.2 billion to $42.1 billion. It also anticipates comparable sales will climb 1.9% to 3%, compared to prior expectations of between a decline of 1% and increase of 1%. Best Buy said it now expects adjusted earnings per share for the year to be between $6.70 and $6.90, compared to prior guidance of between $6.30 and $6.60 per share. The company also said its gross profit rate for the quarter included a $34 million benefit from tariff refunds. Here's how the company performed in its second fiscal quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG: For the...",
    "summary": "Best Buy reported a net income of $315 million, or $1.48 per share, for its second fiscal quarter ended August 1, 2026.",
    "planning": false,
    "image_url": "https://image.cnbcfm.com/api/v1/image/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX.jpeg?v=1787669784&w=1920&h=1080",
    "confidence": 0.95,
    "published_at": "2026-08-27T11:01:05Z",
    "effective_date": "2026-08-01",
    "article_sentence": "For the quarter ended Aug. 1, Best Buy reported net income of $315 million, or $1.48 per share, compared with $186 million, or 87 cents per share, the year prior.",
    "amount_normalized": 315000000
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