A Best Buy logo sign is seen in Chicago, Illinois, United States, on July 29, 2026.
Marcin Golba | Nurphoto | Getty Images
Best Buy on Thursday reported better-than-expected fiscal second-quarter results and raised its full-year outlook as the company’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 to its previous outlook of just 1%, and saw a “higher-than-expected” 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.
Best Buy also raised its full fiscal year financial guidance due to what incoming CEO Jason Bonfig called its “strong first half performance.” The company now expects revenue of between $42.3 billion and $42.8 billion, compared to prior guidance of a range between $41.2 billion to $42.1 billion. It also…
