Best Buy Co., Inc. raised its fiscal 2027 outlook after a better-than-expected second quarter, lifting revenue guidance to $42.3-$42.8 billion from $41.2-$42.1 billion and adjusted earnings guidance to $6.70-$6.90 per share from $6.30-$6.60. The company also raised its adjusted operating income rate forecast to 4.4-4.5% from 4.3-4.4%, and now expects comparable sales to increase 1.9-3%, versus the prior range of a 1% decline to 1% growth. Domestic gross margin expanded 60 basis points to 24% in the second quarter, helped by Marketplace, Best Buy Ads and about $34 million of tariff refunds, and management expects the fiscal 2027 gross profit rate to improve about 30-40 basis points. Domestic Marketplace gross merchandise value reached about $300 million in the second quarter, and Best Buy raised its full-year Marketplace expectation to $1.3 billion, while Best Buy Ads is expected to grow 10% in fiscal 2027 after roughly $900 million in collections last year. Computing recorded its 10th consecutive quarter of positive comparable sales growth and domestic TV sales rose more than 10%, though industry-wide memory cost increases are raising computing prices, with average selling prices up in the mid-teens and unit volumes down in the high single digits.
Target Corporation
Walmart Inc.Best Buy Co. IncBest Buy raised FY27 revenue, EPS, and operating-income guidance after a better-than-expected Q2.
