From Financial Modeling Prep: 2025-05-29 16:10:00

Best Buy (NYSE:BBY) shares fell over 9% today after lowering its fiscal 2026 guidance due to tariff pressures, despite beating Q1 estimates. Q1 EPS was $1.15, revenue was $8.77 billion (down 1% YoY), and comparable sales dropped 0.7%. Gross margin was steady at 23.4%.

The retailer revised its 2026 EPS guidance to $6.15–$6.30 and revenue outlook to $41.1–$41.9 billion, below expectations. Comparable sales for 2026 are now expected to range from a 1% decline to a 1% increase, down from prior guidance.



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