A Best Buy store in Pinole, California, US, on Monday, Nov. 24, 2025. Best Buy Co. is expected to release earnings figures on November 25.
David Paul Morris | Bloomberg | Getty Images
Best Buy hiked its full-year forecast Tuesday, as it topped Wall Street’s quarterly sales expectations and customers turned to the retailer to upgrade tech devices and splurge on new computers, gaming consoles and smartphones.
The consumer electronics retailer said it now expects revenue of between $41.65 billion to $41.95 billion for the full year, higher than its previous range of $41.1 billion to $41.9 billion. It expects adjusted earnings per share of $6.25 to $6.35, compared to its prior range $6.15 to $6.30.
Best Buy said it expects full-year comparable sales, a metric that tracks sales online and at stores open at least 14 months, to range between a 0.5% rise to a 1.2% increase, compared to its previous expectations for a 1% decline and a 1% climb.
Here’s how the retailer did for the three-month period that ended Nov. 1 compared with what Wall Street was expecting, according to a survey of analysts by LSEG:
- Earnings per share: $1.40 adjusted vs. $1.31 expected
- Revenue: $9.67 billion vs. $9.59 billion expected
Best Buy’s net income for the fiscal third quarter fell to $140 million, or 66 cents per share, from a net income of $273 million, or $1.26 per share, in the year-ago period.
Revenue rose from $9.45 billion in the year-ago quarter.
As of Monday’s close, shares of Best Buy have dropped by about 12% so far this year. That compares to the 14% gains of the S&P 500 during the same period.
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