All the major Wall Street firms we cover here at 24/7 Wall St. have a list of the top stock picks for their institutional and retail clients to invest in.
Note: Best Buy's FY'25 concluded on February 1, 2025
Best Buy and Wayfair stock offer a healthy balance of risk and reward, JPMorgan said.
Note: Best Buy's FY'25 ended on February 1, 2025
Major U.S. equities indexes ticked higher after a federal court blocked the "reciprocal" tariffs imposed by President Donald Trump—though that hold was ultimately itself put on ice.
Despite its customers' resilience, Best Buy expects sales to dip this year because of tariffs. The electronics retailer released quarterly earnings Thursday (May 29), projecting yearly revenue of $41.1 billion to $41.9 billion, below past guidance of $41.4 billion to $42.2 billion.
Best Buy (BBY) shares tumbled more than 8% to lead S&P 500 decliners Thursday after the electronics retailer lowered its full-year outlook because of tariffs.
BBY tops Q1 earnings estimates but trims FY26 outlook on tariffs. Focus shifts to Marketplace, Ads & boosting operational efficiency.
U.S. consumer electricals giant Best Buy missed quarterly revenue expectations and cut its full-year sales and profit guidance amid the impact of higher tariffs.
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. (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.