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	<title>Corie Barry &#8211; Finance News Today</title>
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		<title>Best Buy (BBY) Q2 2027 earnings</title>
		<link>https://financenews.one/2026/08/27/best-buy-bby-q2-2027-earnings/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Fri, 28 Aug 2026 01:19:55 +0000</pubDate>
				<category><![CDATA[Retail]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Co Inc]]></category>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>Best Buy on Thursday reported better-than-expected fiscal second-quarter results and raised its full-year outlook as the company&#8217;s recovery showed more signs of taking hold. The consumer electronics retailer said it saw comparable sales growth of 4.1% during the second quarter, compared with its previous outlook of just 1%, and saw a &#8220;higher-than-expected&#8221; adjusted operating income [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/08/108353925-1787669731552-gettyimages-2288749698-golba-dailylif260730_nptkX-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div><p> <br />
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1"><a rel="nofollow" href="https://www.cnbc.com/quotes/BBY/">Best Buy</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> on Thursday reported better-than-expected fiscal second-quarter results and raised its full-year outlook as the company&#8217;s recovery showed more signs of taking hold. </p>
<p>The consumer electronics retailer said it saw comparable sales growth of 4.1% during the second quarter, compared with its previous outlook of just 1%, and saw a &#8220;higher-than-expected&#8221; adjusted operating income rate. Best Buy said it drove growth across all of its major categories, with a surge in computing contributing to that strength.</p>
<p>Best Buy also raised its full fiscal-year financial guidance due to what incoming CEO Jason Bonfig called in the release its<strong> </strong>&#8220;strong first half performance.&#8221; The company now expects revenue of between $42.3 billion and $42.8 billion, compared with prior guidance of a range between $41.2 billion to $42.1 billion. It also anticipates comparable sales will climb 1.9% to 3%, compared with prior expectations of between a decline of 1% and increase of 1%.</p>
<p>Still, shares of the company sank about 7% in morning trading Thursday.</p>
<p>Bonfig told CNBC the company hasn&#8217;t seen the customer change dramatically, and behavior has instead been &#8220;very consistent quarter over quarter.&#8221; He added that tech innovation drove customer interest over the quarter, likely contributing to the higher comparable sales figure.</p>
<p>Best Buy said it now expects adjusted earnings per share for the year to be between $6.70 and $6.90, compared with prior guidance<strong> </strong>of between $6.30 and $6.60 per share. </p>
<p>The company also said its gross profit rate for the quarter included a $34 million benefit from tariff refunds.</p>
<p>Current CEO Corie Barry told CNBC the company was being more explicit than usual about the tariff refunds so the company is well-positioned to operate next year when comparing back to this quarter.</p>
<p>&#8220;We are trying to be very transparent so that everyone can easily do the math and understand what those quantities are and still understand the strength of the base business even without those tariff refunds,&#8221; she told CNBC. </p>
<p>Here&#8217;s how the company performed in its fiscal second quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG:</p>
<ul>
<li><strong>Earnings per share: </strong>$1.47 adjusted vs. $1.38 expected</li>
<li><strong>Revenue: </strong>$9.78 billion vs. $9.59 billion expected</li>
</ul>
<p>For the quarter ended Aug. 1, Best Buy reported net income of $315 million, or $1.48 per share, compared with $186 million, or 87 cents per share, a year earlier. Adjusting for one-time items, Best Buy posted adjusted earnings of $1.47 per share. </p>
<p>Revenue rose 3.6% from $9.44 billion in the year-ago period.</p>
<p>The earnings marked the last quarter of reporting under current CEO Corie Barry. Bonfig will take over the reins of the company on Nov. 1, a leadership change that was part of a broader strategy to accelerate Best Buy&#8217;s business. </p>
<p>&#8220;The strength of our Q2 results reflects both the deliberate actions we have taken to position the business for growth and a healthy demand environment for our category,&#8221; Bonfig said in the&#8230;</p>
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<p><br />
<br />Read More: <a href="https://www.cnbc.com/2026/08/27/best-buy-bby-q2-2027-earnings.html">Best Buy (BBY) Q2 2027 earnings</a></p>
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