Top Stock Movers Now: Nvidia, HP, Best Buy, and More
U.S. equities were mixed at midday, dropping from their morning highs after a federal trade court blocked some of President Donald Trump's tariffs. The S&P 500 and Nasdaq were up, the Dow Jones Industrial Average fell.
Best Buy Co., Inc. (BBY) Q1 2026 Earnings Call Transcript
Best Buy Co., Inc. (NYSE:BBY ) Q1 2026 Earnings Conference Call May 29, 2025 8:00 AM ET Company Participants Mollie O'Brien - Head of Investor Relations Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Jason Bonfig - Senior Executive Vice President, Customer Offerings and Fulfillment Conference Call Participants Scot Ciccarelli - Truist Securities Michael Baker - DA Davidson Greg Melich - Evercore ISI Loren Eng - Morgan Stanley Peter Keith - Piper Sandler Steven Zaccone - Citi Brian Nagel - Oppenheimer Jonathan Matuszewski - Jefferies Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's First Quarter Fiscal 2026 Earnings Conference Call.
Best Buy trims full-year guidance as tariffs weigh on sales
Best Buy Co Inc (NYSE:BBY) posted mixed earnings for the first quarter and cut its full-year sales and profit outlook as tariffs have increased the cost of electronics, sending its shares almost 10% lower. For fiscal 2026, the retailer now expects revenue in the range of $41.1 billion to $41.9 billion, down from its earlier guidance of $41.4 billion to $42.2 billion Comparable sales are expected to be -1% to 1%, compared to earlier guidance of flat to 2%.
Best Buy Stock Slips on Slashed Sales Outlook
Best Buy Co Inc (NYSE:BBY) reported a revenue miss for the first quarter, but the bigger news is a slashed full-year sales outlook, as the cost of electronics jumps due to President Donald Trump's tariffs.
Compared to Estimates, Best Buy (BBY) Q1 Earnings: A Look at Key Metrics
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended April 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Best Buy (BBY) Q1 Earnings and Revenues Surpass Estimates
Best Buy (BBY) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.20 per share a year ago.
Best Buy First-Quarter 2026 Financial Results: Just the Numbers
Best Buy (BBY) reported fiscal 2026 first-quarter results before the bell Thursday. A summary of its key numbers is below.
Best Buy Cuts Guidance as Tariffs Loom
Best Buy cut its sales and profit forecast for the year to account for the global trade war.
Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics
Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics
Best Buy Stock Falls After Earnings. Fiscal-Year Guidance Cut to Account for Tariffs.
The retailer says both domestic and international comparable sales slip from the prior year.
Best Buy's stock drops after it cuts profit outlook on tariff impact
Best Buy's stock BBY fell 2.3% in premarket trading on Thursday after the electronics retailer cut its full-year profit guidance due to the impact of tariffs.
