Best Buy (BBY) Stock Drops 3% After Beating Earnings. Here Is Why

TLDR

• Best Buy posted adjusted EPS of $1.47 for Q2, beating the $1.39 consensus estimate
• Revenue came in at nearly $9.8 billion, up from $9.4 billion a year ago
• Comparable sales rose 4.1%, doubling last year’s growth rate
• Full-year EPS guidance raised to $6.70-$6.90, above the $6.62 analyst consensus
• BBY stock fell around 2-3% in premarket despite the beat, after a roughly 31% run in 2026

Best Buy (BBY) stock was trading down roughly 3% in premarket on Thursday after the electronics retailer reported a solid fiscal second quarter and raised its full-year outlook. The stock had already climbed close to 31% in 2026 heading into the report.

Best Buy Co., Inc., BBY

Best Buy posted adjusted earnings of $1.47 per share for the quarter, topping the Wall Street consensus of $1.39. Revenue rose to nearly $9.8 billion from $9.4 billion in the same period last year.

Comparable sales grew 4.1%, which was double the growth rate from the prior year. That was a stronger result than many analysts had pencilled in.

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