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Best Buy (BBY) Q2 2027 earnings

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Best Buy (BBY) Q2 2027 earnings

A Best Buy logo sign is seen in Chicago, Illinois, United States, on July 29, 2026.

Marcin Golba | Nurphoto | Getty Images

Best Buy on Thursday reported better-than-expected fiscal second-quarter results and raised its full-year outlook as the company’s recovery showed more signs of taking hold.

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The consumer electronics retailer said it saw comparable sales growth of 4.1% during the second quarter, compared to its previous outlook of just 1%, and saw a “higher-than-expected” adjusted operating income rate. Best Buy said it drove growth across all of its major categories, with a surge in computing contributing to that strength.

Best Buy also raised its full fiscal year financial guidance due to what incoming CEO Jason Bonfig called its “strong first half performance.” The company now expects revenue of between $42.3 billion and $42.8 billion, compared to prior guidance of a range between $41.2 billion to $42.1 billion. It also anticipates comparable sales will climb 1.9% to 3%, compared to prior expectations of between a decline of 1% and increase of 1%.

Best Buy said it now expects adjusted earnings per share for the year to be between $6.70 and $6.90, compared to prior guidance of between $6.30 and $6.60 per share.

The company also said its gross profit rate for the quarter included a $34 million benefit from tariff refunds.

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Here’s how the company performed in its second fiscal quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG:

  • Earnings per share: $1.47 adjusted vs. $1.38 expected
  • Revenue: $9.78 billion vs. $9.59 billion expected

For the quarter ended Aug. 1, Best Buy reported net income of $315 million, or $1.48 per share, compared with $186 million, or 87 cents per share, the year prior. Adjusting for one-time items, Best Buy reported adjusted earnings of $1.47 per share.

The earnings marked the last quarter of reporting under current CEO Corie Barry. Bonfig will take over the reins of the company on Nov. 1, a leadership change that was part of a broader strategy to accelerate Best Buy’s business.

“The strength of our Q2 results reflects both the deliberate actions we have taken to position the business for growth and a healthy demand environment for our category,” Bonfig said in a statement.

The company reiterated that customers continue to spend, though they are still focused on value and sales.

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The consumer electronics retailer has also been hit by tariffs and the soaring price of memory chips. Best Buy said on Thursday that it’s continuing to navigate those industry-wide challenges and sees customers shopping with specific needs and budgets.

Best Buy has been in a sales slump after it reported declining foot traffic and lower consumer confidence in recent quarters. Bonfig previously told CNBC he’s confident in his abilities to refresh the company and its products and enhance the customer experience.

Part of that strategy has been opening smaller format stores in an effort to expand Best Buy’s presence in areas that can’t sustain a full-sized location. Bonfig also said he plans to leverage artificial intelligence to improve the store experience and corporate processes.

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New Bristol Airport to Frankfurt route to bring tourism ‘boost’ to South West

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The service is expected to attract business travellers

A Discover Airlines plane

A Discover Airlines plane(Image: Bristol Airport)

Bristol Airport is launching a new route to the city of Frankfurt in Germany next year. Discover Airlines, part of Lufthansa Group, will be operating the twice weekly service from May.

The German airline will be offering flights on Mondays and Thursdays, and the route is expected to attract extra business travellers.

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Bristol Airport said the new service would also offer “opportunities” for firms in the South West to connect with businesses in Germany.

Marco Götz, chief commercial officer at Discover Airlines said: “With Bristol, we’re adding our first destination in England to our portfolio.

“As we’re noticing a growing demand for destinations that combine culture, nature and outdoor experiences, Bristol is a perfect fit. The new Discover Airlines route is the only nonstop connection from Frankfurt and connects the South West of England with Germany during summer 2027, making travel to this region even more convenient.”

Kathryn Davis, chief executive of tourism body Visit West, welcomed the news. She said: “We know that there is already strong demand from German visitors to experience the best of Bristol, Bath and the region, and this will be a boost for our visitor economy.

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“Germany is one of the largest markets for inbound tourism, and we look forward to working with Discover Airlines and Bristol Airport, as well as our local business community and trade partners, to ensure that this is a success.”

Rupert Lawrie, commercial director at Bristol Airport, said the transport hub had worked “closely” with Visit West to secure the route.

“This is fantastic news for both our business and leisure customers,” he said. “The new service will compliment increased capacity next year from Germany and Switzerland, enabling even more visitors into the region, which is something the airport is passionate about.”

Frankfurt is known as Germany’s ‘financial capital’ and is located near the world-famous Rhine Valley wine region, the Black Forest and thermal spas. The city’s airport is one of the biggest in Europe with a high-speed train connections to other major European cities.

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