Best Buy beats estimates, lifts full-year outlook

Best Buy Co. announced on Thursday that it is lifting its full‑year fiscal outlook after delivering a first‑half performance that exceeded analysts’ expectations. The electronics retailer reported revenue and earnings that topped consensus forecasts, prompting the company to raise its projected earnings per share for the fiscal year ending January 2025.

The upward revision reflects strong sales in both its brick‑and‑mortar stores and online channels, as well as continued growth in higher‑margin services such as installation and protection plans. Following the earnings release, Best Buy’s shares rose in after‑hours trading, and the company reaffirmed its strategy of expanding its omnichannel capabilities while managing costs. The revised guidance sets a more optimistic tone for the remainder of the fiscal year, suggesting sustained demand for consumer technology and related services.