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Benzinga
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Best Buy Clocks Highest Comp Sales Growth In 3 Years, Holds On To Annual Forecast Despite Tariff Uncertainty

1. BBY reported Q2 2026 earnings of $1.28, beating consensus by $0.07. 2. Sales grew by 1.6% year-over-year, exceeding expectations of $9.24 billion. 3. Comparable sales growth reached 1.6%, the highest in three years. 4. Online revenue increased 5.1% year-over-year, indicating strong e-commerce performance. 5. Guidance for FY2026 maintains earnings per share at $6.15-$6.30 amidst tariff concerns.

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FAQ

Why Bullish?

BBY's strong Q2 earnings and sales growth demonstrate resilience, boosting investor confidence. Historical performance shows similar growth patterns led to upward price movement.

How important is it?

The earnings performance directly impacts BBY's stock, with better-than-expected results likely influencing price in the near future.

Why Short Term?

The immediate effects from Q2 results will influence investor sentiment soon. However, longer-term growth may hinge on macroeconomic factors like tariffs.

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