Best Buy jumps after quarterly profit beat estimates

Best Buy

03/03/2026 12:29

** Shares of electronics retailer Best Buy BBY.N up 14% at $70 premarket

** Co beats Q4 profit estimates, driven by resilient demand during the holiday shopping season for gaming devices and mobile phones

** Posts quarterly adjusted EPS profit of $2.61, compared with analysts' estimates of $2.47 - data compiled by LSEG

** However, reports quarterly comparable sales decline of 0.8% vs estimates of a 0.25% rise

** Expects annual comparable sales to be down 1% to up 1%, compared with analysts' estimates of a 1.63% rise

** Sees annual adjusted EPS of $6.30 to $6.60 compared to estimates of $6.66

** Stock fell 21% in 2025

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))