Best Buy Co., Inc.
BBY · Consumer Cyclical
$82.63
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Best Buy Q2 Earnings Beat Estimates as Comparable Sales Rise 4.1%
Best Buy (BBY) delivered better-than-expected second-quarter fiscal 2027 results with adjusted earnings jumping 70.1% to $1.48 per share and revenues rising 3.6% to $9.78 billion. Domestic comparable sales grew 4.5%, driven by computing, mobile phones, and services. The company raised its full-year fiscal 2027 guidance for revenues, comparable sales, earnings, and adjusted operating margins, citing strong first-half performance and positive momentum.
Why Did Best Buy Stock Drop Today?
Best Buy stock fell 4.3% despite beating earnings expectations ($1.47 vs $1.35 expected), exceeding sales forecasts ($9.8B vs $9.5B expected), and raising full-year guidance. The company reported 3.6% sales growth and 15% profit growth in fiscal Q2 2027, with only a minor 4.2% decline in international sales. The stock decline appears disconnected from the positive fundamentals, with the company trading at an attractive 12.2x forward earnings.
Compared to Estimates, Best Buy (BBY) Q2 Earnings: A Look at Key Metrics
Best Buy reported Q2 2026 revenue of $9.78 billion, up 3.6% YoY and beating consensus estimates by 2.25%. EPS of $1.47 exceeded expectations by 7.3%. Domestic comparable store sales grew 4.5% versus 1.8% estimate, while international sales declined 1.8%. The stock has underperformed the S&P 500 over the past month and carries a Zacks Rank #3 (Hold) rating.