Analysis: Best Buy Co., Inc.

US:BBY

Why is Best Buy Co., Inc. stock rising?

  • Raised FY2027 guidance: revenue $42.3 billion-$42.8 billion, comparable sales growth 1.9%-3%, adjusted operating income rate 4.4%-4.5%, EPS $6.70-$6.90.
  • Exclusive national retail program for RGB TVs over the next year, expected to become a more meaningful revenue contributor over coming quarters.
  • U.S. Marketplace GMV guidance raised to $1.3 billion for FY2027.

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