Best Buy beats estimates with strong holiday sales but faces challenges in health division.

From Nasdaq: 2025-03-04 08:36:23

Best Buy (NYSE:BBY) reported Q4 results, beating analyst estimates with an EPS of $2.58 and revenue of $13.95 billion. Strong holiday sales in computing drove performance, but a $475 million goodwill impairment in the health division poses challenges. Despite this, the company closed the quarter with solid sales, navigating sector-specific obstacles.

Looking ahead, Best Buy projects revenues between $41.4 billion and $42.2 billion for FY 2026, with flat to 2% comparable sales growth. CFO Matt Bilunas anticipates cautious consumer spending due to high inflation but remains optimistic about sales driven by necessity or innovation. Investors should monitor developments in the health division and the company’s strategic execution.

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Read more at Nasdaq: Best Buy Revenue Upbeat, Health Drags