Electronics retailer Best Buy (NYSE: BBY) will be reporting earnings this Thursday morning. Here’s what investors should know.
Best Buy missed analysts’ revenue expectations last quarter, reporting revenues of $13.81 billion, flat year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations and full-year revenue guidance slightly missing analysts’ expectations.
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 its flat revenue in the same quarter last year.
The majority of analysts covering the company have 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 Q1 results, giving us a hint as to what we can expect. Warby Parker delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 1.3%, and Sally Beauty reported revenues up 2.3%, in line with consensus estimates. Warby Parker traded up 34.1% following the results while Sally Beauty was down 10.9%.
Read our full analysis of Warby Parker’s results here and Sally Beauty’s results here.
AI fears in late 2025 triggered a rotation into safer assets, but the US-Iran conflict in spring 2026 shifted anxiety from disruption to geopolitical risk. While some of the specialty retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. Best Buy is up 6.3% during the same time and is heading into earnings with an average analyst price target of $71.55 (compared to the current share price of $63.01).
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