Best Buy raises full-year fiscal outlook for 2026, expecting higher revenue and earnings despite weaker Q3 profit. Revenue forecasted between $41.65bn and $41.95bn, with adjusted earnings per share of $6.25 to $6.35. Comparable sales expected to increase by 0.5% to 1.2%. Domestic revenue up 2.1% year-on-year in Q3.

In Q3, Best Buy reported revenue of $9.67bn, with gross profit at $2.24bn. Net income decreased to $140m from $273m the year before. Domestic revenue rose 2.1% to $8.88bn, driven by computing, gaming, and mobile phones. Online revenue increased to $2.82bn, representing 31.8% of domestic revenue.

International revenue for Best Buy reached $794m, with a gross profit rate improvement to 22.8%. CEO Corie Barry noted 2.7% comparable sales growth, particularly in computing, gaming, and mobile phones. The company returned $234m to shareholders in Q3, including dividends and share repurchases.

Best Buy declared a quarterly cash dividend of $0.95 per common share. In August 2025, the company formally launched its digital marketplace, expanding online products and adding new brands and categories. The marketplace doubles the number of products available on BestBuy.com and the app.

Read more at Yahoo Finance: Best Buy lifts full-year 2025 outlook even as Q3 profit weakens