Best Buy Co., Inc. reported stronger fiscal second-quarter results, with revenue up 3.6% year over year to $9.78 billion and comparable sales rising 4.1%. The company raised its fiscal 2027 comparable-sales guidance to growth of 1.9% to 3.0% from a previous range of a 1.0% decline to 1.0% growth, and lifted revenue guidance to $42.3 billion to $42.8 billion. However, domestic product margin rates declined, and the margin improvement was largely driven by approximately $34 million in IEEPA tariff refunds, which contributed roughly 38 basis points of the domestic margin increase. Best Buy Ads and Marketplace are helping to offset product margin pressure, but their associated costs contributed to a rise in domestic adjusted SG&A to $1.78 billion, or 19.6% of revenue. International comparable sales declined 1.8%, and revenue fell 4.2% to $709 million, with adjusted operating margin down to 1.8% from 2.4%.
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Chevron CorpBest Buy Co. IncBest Buy raised comparable-sales and revenue guidance after stronger Q2 results, though margin gains relied on tariff refunds.
