Best Buy raises full-year profit guidance after earnings and revenue beat
Best Buy(BBY) CNBC·2024-08-29 19:28
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City.Best Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20. The company, however, lowered the top end of its guidance ranges for both full-year revenue and comparable sales. "As we look to the back half o ...