tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Best Buy raises FY26 adjusted EPS view to $6.25-$6.35 from $6.15-$6.30

Consensus $6.26. Raises FY26 revenue view to $41.65B-$41.95B from $41.1B-$41.9B, consensus $41.8B. Raises FY26 comparable sales view to up 0.5%-1.2% from down 1% to up 1%. Backs FY26 capital expenditures view $700M. Sees FY26 effective tax rate 25.4%. “Today we are raising our full year forecast to reflect the strong Q3 results and our current outlook for Q4,” said Matt Bilunas, Best Buy (BBY) CFO. “In Q4, we expect comparable sales growth in the range of (1.0%) to 1.0% and adjusted operating income rate in the range of 4.8% to 4.9%.”

Claim 50% Off TipRanks Premium and Invest with Confidence

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1