UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 3, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other jurisdiction of inco ...

PEORIA, ARIZONA - FEBRUARY 21: A Best Buy logo is displayed outside a store on February 21, 2025 in ... More Peoria, Arizona. (Photo by Kevin Carter/Getty Images)Getty Images Note: Best Buy's FY'25 ended on February 1, 2025Question: How would you respond if you owned Best Buy's stock (NYSE: BBY) and its price decreased by 50% or more in the months ahead? While this may seem drastic, such a scenario has occurred in the past and could certainly happen again. The electronics retailer's stock has already droppe ...

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 has warned that its vendors could pass along higher costs to the chain, which would mean raising prices.Executives said Thursday that the company is adjusting its supply chain to reduce its dependency on China, a subject o ...

Best Buy Co., Inc. (BBY) reported first-quarter fiscal 2026 results, wherein revenues were in line with the Zacks Consensus Estimate and earnings surpassed expectations. However, both metrics declined year over year, and enterprise comparable sales also fell. The company revised its full-year guidance downward, citing the impact of tariffs.Despite these challenges, Best Buy remains committed to its strategic roadmap, which focuses on elevating the omnichannel experience of customers, scaling revenue streams ...

Best Buy is staying agile in an uncertain world of tariffs. (Photo by Justin Sullivan/Getty Images)Getty ImagesU.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.Despite a judicial decision that could yet derail President Trump’s intended tariff deals, retailers have been caught in the crosshairs for the past two months and for its fiscal 2026 the retailer downgraded revenue expectations to the $41. ...

Pre-market futures are in the green at this hour, at first appearing overjoyed at a federal court ruling that rolled back President Trump’s tariff policy. Futures had been as high as +2.8% (Russell 2000; half that on the Dow: +1.4%), but have dragged closer to unchanged as the administration vows to appeal the court ruling, and perhaps find other ways to instill tariffs on U.S. trading partners.Thus, the Dow is currently up +95 points, the S&P 500 +45 and the Nasdaq +285 points. The Russell is now +17, or + ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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. The retailer also said it will likely have to raise prices. At last glance, BBY was 6.4% lower to trade at $66.98.Though analysts already lean pessimistic toward the shares, there is still room for price-target cuts and/or downgrades. In fact, nine of the 22 firms in question sill carry a "strong buy" rat ...

For the quarter ended April 2025, Best Buy (BBY) reported revenue of $8.77 billion, down 0.9% over the same period last year. EPS came in at $1.15, compared to $1.20 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $8.77 billion, representing a surprise of +0.01%. The company delivered an EPS surprise of +5.50%, with the consensus EPS estimate being $1.09.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Best Buy Co Inc BBY is trading lower Thursday after the retailer’s first-quarter 2026 earnings fell short of expectations.The company’s first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. It missed the analyst consensus estimate of $9.22 billion.Domestic revenue of $8.13 billion decreased 0.9%, primarily due to a 0.7% decline in comparable sales.The largest drivers of the comparable sales decline on a weighted basis were home theater, appliances, and drones, part ...