Best Buy Co., Inc. (NYSE:BBY ) Q2 2026 Earnings Conference Call August 28, 2025 8:00 AM ET Company Participants Corie Sue Barry - CEO & Director Jason J. Bonfig - Senior EVP, Chief Customer, Product & Fulfillment Officer Matthew M.
Best Buy saw quarterly sales creep up as consumers increased their tech spending. The electronics retailer released second-quarter earnings Thursday (Aug. 28) that showed sales growth of 1.6%, the highest rate in three years.
Best Buy Co Inc (NYSE:BBY) shares are down 6.3% at $70.71 this morning, reversing their morning gains even after the electronics retailer beat second-quarter estimates with earnings of $1.28 per share on revenue of $9.44 billion.
Evaluate the expected performance of Best Buy (BBY) for the quarter ended July 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
The earnings release from Nvidia NVDA is the true highlight of this week's earnings docket, though there are a few other bellwethers on deck to report results as well, including Best Buy BBY, Ulta Beauty ULTA, and others. We have more than 100 companies reporting results this week, including 15 S&P 500 members.
Best Buy Co Inc (NYSE:BBY) stock is up 4.2% at $74.78, after the company launched a new third-party digital marketplace.
Best Buy is joining the likes of Walmart and Amazon in launching a third-party marketplace. The retailer's digital marketplace debuted Tuesday (Aug. 19), more than doubling Best Buy's available items and adding entirely new brands and products.
Best Buy launched its third-party marketplace on Tuesday, which adds more brands and items to its website and app. It joins a growing trend of retailers who are using third-party sellers as a way to attract sales, drive higher profits and draw advertising dollars.
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The S&P 500 has been quite a steady rock, demonstrating far more resilience than I would have thought in the face of new tariff threats and rising geopolitical uncertainty.
I upgrade Best Buy to buy as tariff risks have been substantially mitigated, de-risking the equity story and improving margin visibility. Momentum in the PC refresh cycle and the upcoming Switch 2 launch provide clear catalysts for BBY's revenue growth acceleration in the near term. High-margin initiatives like the US third-party marketplace and Best Buy Ads are scaling well, offering long-term margin expansion potential.
FY2025, Best Buy incurred restructuring charges related to its Health segment. Despite the significant headwind Best Buy faces, it is still a retail market leader, focusing on consumer electronics. The cyclical recovery of its core business, Best Buy marketplace, and advertising could be a significant future catalyst for Best Buy.