- Best Buy’s adjusted earnings per share (EPS) for the second quarter were reported at $1.28, surpassing estimates of $1.21, but slightly down from $1.34 year-over-year.
- Enterprise comparable sales increased by 1.6% compared to a decrease of 2.3% the previous year, outperforming the estimated decline of 0.53%.
- International comparable sales saw significant growth of 7.6%, versus a decline of 1.8% last year, exceeding the estimated decline of 0.38%.
- US comparable sales rose by 1.1%, compared to a drop of 2.3% in the prior year, beating the expected drop of 0.58%.
- US entertainment comparable sales surged by 37.5%, a stark contrast to the 7.4% decline the previous year and far exceeding the 2.26% estimate.
- US appliances comparable sales fell by 8.5%, better than the previous 14.9% decline but below the estimated 5.95% drop.
- US computing and mobile phone comparable sales increased by 3.8%, nearly matching the 3.9% growth last year and surpassing the 2.59% estimate.
- US consumer electronics comparable sales declined by 4.9%, improving from the 6.2% drop last year, yet not meeting the estimated 2.94% decline.
- US online comparable sales rose by 5.1%, reversing a 1.6% decline from the previous year and exceeding the 1.08% growth estimate.
- Revenue for the quarter was $9.44 billion, a 1.6% increase year-over-year, surpassing the estimated $9.22 billion.
- US revenue was reported at $8.70 billion, a 0.9% increase from the prior year, above the estimate of $8.56 billion.
- International revenue reached $740 million, an 11% increase year-over-year, exceeding the expected $658.9 million.
- The gross margin was 23.2%, slightly below last year’s 23.5%, and short of the estimated 23.5%.
- Best Buy expects Q3 comparable sales growth to be similar to Q2, with adjusted operating income rate similar to last year’s 3.7%.
- The CEO, Corie Barry, highlighted the Q2 comparable sales growth as the highest in three years, driven by strong back-to-school sales events and technology innovation.
- Concern remains regarding potential tariff impacts in the latter half of the year, leading to maintained annual guidance.
- Market analysts have given Best Buy 10 “buy” ratings, 16 “hold” ratings, and 3 “sell” ratings.
Best Buy Co Inc on Smartkarma
Several independent analysts on Smartkarma, including Baptista Research, have been covering Best Buy Co Inc, a prominent retailer in consumer electronics and appliances. In their recent reports, Baptista Research has provided insights into Best Buy’s performance and strategies. According to their analysis, Best Buy’s latest earnings call for Q1 of fiscal 2026 showcased adaptability amidst fluctuating macroeconomic conditions, particularly in response to tariffs. Despite a slight decrease in revenue compared to the previous year, the company’s adjusted operating income rate remained stable at 3.8% due to strong expense management and strategic adjustments.
Furthermore, Baptista Research highlighted Best Buy’s resilience in the face of economic challenges in their report on the Fourth Quarter Fiscal 2025 earnings. The company’s results exceeded expectations, with impressive figures such as nearly $14 billion in enterprise revenue, an adjusted operating income rate of 4.9%, and adjusted earnings per share of $2.58 for the quarter. With bullish sentiments towards Best Buy’s performance and strategic decisions, these analyst reports provide valuable insights for investors considering the retail giant’s stock.
A look at Best Buy Co Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Best Buy Co Inc, the retail giant known for offering consumer electronics, home office products, entertainment software, appliances, and various related services through both physical stores and its online platform, seems to have a promising long-term outlook based on the Smartkarma Smart Scores. With a strong emphasis on providing dividends to its investors, the company shines with a top score of 5 in the Dividend category, indicating stability and rewarding returns for those who invest in its stock. Additionally, Best Buy Co Inc shows strong momentum with a score of 4, suggesting positive growth potential and investor interest in the company’s future prospects.
While Best Buy Co Inc scores moderately in areas such as Value (2), Growth (3), and Resilience (2), its overall Smartkarma Smart Scores paint a favorable picture for the company’s future performance. This suggests that despite facing some challenges, such as maintaining value and resilience in a competitive market, Best Buy Co Inc‘s focus on dividends and momentum could be key drivers for its long-term success in the consumer electronics and retail industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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