Best Buy raises FY26 guidance after a better-than-expected Q3, citing steadier demand and category momentum. “Today we are raising our full year forecast to reflect the strong Q3 results and our current outlook for Q4,” the company said.
Why Best Buy raises FY26 guidance
The company pointed to stronger traffic and category mix. Moreover, management said results and the current Q4 outlook justify the adjustment.
Q3 FY26 results: comparable sales up 2.7%
In the best buy q3 fy26 results, comparable sales up 2.7% and revenue of $9.67B outpaced expectations. The best buy q3 fy26 results also showed adjusted EPS of $1.40 and continued online strength.
By the numbers:
- Enterprise comps: comparable sales up 2.7%; domestic +2.4%; international +6.3%.
- Domestic online comps: +3.5%.
- Revenue: $9.67B; adjusted EPS: $1.40.
Category drivers: computing, gaming, and mobile
Growth was led by computing/tablets, gaming, and mobile phones. Notably, gaming benefited from nintendo switch 2 demand, which added momentum to the category.
Consumer demand and tariff impacts
Customers remain resilient, yet deal-focused and drawn to predictable sales events. Meanwhile, Best Buy and other retailers are mitigating tariff impacts through manufacturing flexibility, cost negotiations, and supply-chain diversification.
Best Buy raises FY26 guidance: details and ranges
Best Buy now expects revenue of $41.65–$41.95B, comparable sales growth of 0.5%–1.2%, and best buy adjusted eps guidance of $6.25–$6.35. Previously, comps were guided to −1% to +1%, with adjusted EPS of $6.15–$6.30.
Zoom in: As Best Buy raises FY26 guidance, management highlighted category strength and operating discipline. Consequently, best buy adjusted eps guidance moved up within the range.
The upshot: Market coverage framed it as “best buy raises outlook 2025,” but the operative figures are for FY26. For readers searching “best buy raises outlook 2025,” the FY26 ranges above are the ones to track.
What’s next: holiday quarter and outlook watch
What’s next: Focus on holiday demand, pricing discipline, and category momentum. nintendo switch 2 demand and computing upgrades are key swing factors, as is ongoing tariff management.
Still, promotions remain intense. Nevertheless, the Q3 base, comparable sales up 2.7%, sets a sturdier starting point for the season.
Sources
- Reuters: Best Buy raises annual forecasts as shoppers snap up holiday deals
- Best Buy: Best Buy Reports Third Quarter Results
- AP News: Best Buy ups sales outlook heading into holiday shopping season
- Yahoo Finance: Best Buy earnings beat Wall Street’s forecasts; retailer raises outlook
- Barron’s: Best Buy Stock Rises After Earnings. Here’s What’s Happening.
