Best Buy Stock Rises After Earnings. Here’s What’s Happening.
Nov 25, 2025 07:17:00 -0500 by Sabrina Escobar | #Retail #Earnings Report
A Best Buy store in Levittown, New York (Bruce Bennett/Getty Images)
Key Points
- Best Buy’s adjusted earnings of $1.40 a share and revenue of $9.67 billion exceed analysts’ expectations.
- Same-store sales rise by 2.7%, surpassing projections for an increase of 1.5%.
- The company raises its fiscal-year revenue guidance to $41.65 billion to $41.95 billion and adjusted earnings per share to $6.25 to $6.35.
Best Buy rose in premarket trading Tuesday after the company posted a better-than-expected fiscal third quarter and raised full-year guidance ahead of the holiday season.
Best Buy reported adjusted earnings of $1.40 a share on $9.67 billion in revenue. Analysts polled by FactSet were expecting earnings of $1.31 on revenue of $9.57 billion.
Same-store sales grew 2.7% from a year ago, also better than projections for a 1.5% increase, driven by improving demand across computing, gaming, and mobile phones.
“We are flexing the unique strength of our model as customers need to upgrade or replace their consumer electronics and new products and innovation are coming to market,” said CEO Corie Barry.
The company raised guidance for the fiscal year to reflect the strong third quarter.
It now expects revenue to range from $41.65 billion to $41.95 billion, a bit higher than prior guidance calling for a range of $41.1 billion to $41.9 billion.
The company projects that comparable sales will turn positive for the first time in three years, ranging from a 0.5% to 1.2% increase from a year ago. It previously projected that comparable sales would range between a 1% decline and a 1% increase.
For the fourth quarter, comparable sales will range from a 1% decline to a 1% increase.
Best Buy raised fiscal-year earnings guidance, as well. It now sees adjusted earnings per share ranging between $6.25 to $6.35, compared with second-quarter guidance calling for $6.15 to $6.30.
Best Buy stock was gaining 3.2% ahead of the opening bell.
Write to Sabrina Escobar at sabrina.escobar@barrons.com