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Best Buy Q2 Earnings Call Highlights
MarketBeat28d agobullish
Best Buy Q2 Earnings Call Highlights

Best Buy (NYSE:BBY) reported second-quarter fiscal 2027 results that exceeded its prior expectations, supported by growth in computing, home theater, mobile phones and newer product categories. The company raised its full-year outlook while outlining continued investments in retail media, its third-

Best Buy raises annual forecast after quarterly profit beats estimates
Proactive28d agobullish
Best Buy raises annual forecast after quarterly profit beats estimates

Best Buy Co Inc (NYSE:BBY) raised its annual sales and profit forecast on Thursday after posting second-quarter results that topped Wall Street expectations, even as shares fell 5%. The consumer electronics retailer reported revenue of $9.8 billion for the quarter, above analyst estimates of...

Best Buy Raises Outlook as Sales Grow
The Wall Street Journal28d agobullish
Best Buy Raises Outlook as Sales Grow

The company now forecasts full-year adjusted earnings per share of $6.70 to $6.90, up from its prior guidance of $6.30 to $6.60.

6 Big Takeaways From Retail’s Big Week of Earnings
Barrons.com35d agoneutral
6 Big Takeaways From Retail’s Big Week of Earnings

Walmart set a somber tone for the first week of retailer earnings, but that wasn’t the whole story. The big news was Walmart’s sales woes as the Bentonville, Ark.-based giant reported a same-store sales decline—the first since 2020. Target meanwhile, showed some signs of life, reflecting its turnaround efforts.

Investing.com39d agoneutral
Street Calls of the Week

Monday - Apple What’s the full story? Jefferies downgrades Apple Inc (NASDAQ:AAPL) to Underperform with a $263.66 price target (16% downside) after supply-chain checks reveal the cancellation of the September 2027 all-glass "20th anniversary" iPhone due to poor production yield. This eliminates a projected $2,060 average selling price (ASP) flagship meant to anchor higher margins across future Pro models, flattening iPhone’s projected FY26–FY31 ASP growth from 9.0% to 6.8%. The growth narrative

Investing.com46d agoneutral
Street Calls of the Week

Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Fair Isaac Corp. What’s the full story? Wolfe Research downgrades Fair Isaac Corporation (NYSE:FICO) to Peer Perform with a $1,100–$1,350 fair value range. The core engine is fracturing: lenders actively game FICO Classic against VantageScore 4.0 to give borrowers lower rates. Over 20% of the

Investing.com50d agoneutral
Jefferies downgrades Best Buy to Hold on slowing demand, memory cost concerns

Investing.com -- Jefferies downgraded Best Buy, a U.S. consumer electronics retailer to Hold from Buy, saying the market already reflects an optimistic outlook for second-quarter comparable sales while earnings upside beyond that could prove more limited amid softer consumer demand and rising cost pressures.

Best Buy's new CEO surprises investors with peculiar plan
TheStreet52d agobullish
Best Buy's new CEO surprises investors with peculiar plan

Best Buy (BBY) has spent years trying to shake off a sales slump, and its next leader thinks part of the answer is smaller buildings. Jason Bonfig, who becomes Best Buy's sixth chief executive on November 1, told CNBC that he wants to open compact stores in towns and neighborhoods that its ...

Cracker Barrel CEO steps down a year after logo debacle
Associated Press59d agoneutral
Cracker Barrel CEO steps down a year after logo debacle

Cracker Barrel's CEO is stepping down nearly a year after an attempted rebrand of the chain led to a fierce customer backlash. Cracker Barrel said Monday that CEO Julie Masino will step down next month but remain with the company until Oct. 9 in an advisory capacity. David Deno will succeed Masino on Aug. 10 as CEO.

Samsung Galaxy S27 leak hints at pricier retail bet
TheStreet59d agoneutral
Samsung Galaxy S27 leak hints at pricier retail bet

Leaked Galaxy S27 camera plans suggest a broader Samsung lineup as retailers, carriers, and customers mull another premium smartphone tier. Samsung Electronics (SSNLF) may be preparing to give shoppers yet another expensive Galaxy phone to consider. Samsung is developing four Galaxy S27 models: the ...