Piper Sandler analyst Peter Keith recently downgraded Best Buy to neutral from overweight with a price target of $75, down from $82. While the shares have underperformed year-to-date and expectations ...

Including the impact of tariffs as they currently stand, Best Buy now expects adjusted fiscal 2026 earnings of $6.15 a share to $6.30 share, down from its earlier estimate of $6.20 a share to $6. ...

In its quarterly results, Best Buy recorded $8.13 billion in domestic revenue, a drop of 0.9% compared to last year, driven by a 0.7% decline in comparable sales.

Q1 2026 Overview: Decline in Sales, Increase in Tariff Pressures Best Buy’s net income for the three-month period ending May 3 fell about 18% to $202 million, or 95 cents per share, down from ...

Best Buy's net income in the three-month period that ended May 3 declined about 18% to $202 million, or 95 cents per share, from $246 million, or $1.13 per share, in the year-ago period.