Best Buy drops despite upbeat annual forecasts

Best Buy

27/08/2026 12:52

* Shares of electronics retailer Best Buy BBY.N down about 3% at $85.35 premarket
** Sees adjusted EPS in the range of $6.70 to $6.90, compared with prior guidance of $6.30 to $6.60
** Expects annual total revenue to be in the range of $42.3 billion to $42.8 billion, compared with its earlier forecast of $41.2 billion to $42.1 billion
** Q2 revenue of $9.78 billion vs. analysts' estimate of $9.59 billion — data compiled by LSEG 
** Q2 adjusted EPS $1.47, beating estimate of $1.38
** As of last close, stock up 31% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))