Electronics retailer Best Buy (NYSE: BBY) will be reporting results this Tuesday morning. Here’s what to expect.
Best Buy beat analysts’ revenue expectations last quarter, reporting revenues of $9.67 billion, up 2.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a narrow beat of analysts’ revenue estimates.
Is Best Buy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Best Buy’s revenue to be flat year on year, improving from the 4.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Best Buy has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Best Buy’s peers in the specialty retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Sally Beauty posted flat year-on-year revenue, meeting analysts’ expectations, and Warby Parker reported revenues up 11.2%, in line with consensus estimates. Sally Beauty traded down 3.5% following the results while Warby Parker was up 14.9%.
Read our full analysis of Sally Beauty’s results here and Warby Parker’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the specialty retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Best Buy is down 6.3% during the same time and is heading into earnings with an average analyst price target of $77.75 (compared to the current share price of $61.75).
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