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%.”