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Best Buy Boosts Sales Outlook Amid Nintendo Switch Surge

11/25/2025

24 5 Full Breakdown

Summary

Story summary

Best Buy Co., Inc. raised its fiscal 2026 sales outlook to 0.5%–1.2% growth from -1% to 1%.
Q3 comparable sales rose 2.7%, ahead of analysts' 1.62% expectation.
Growth came from computing, tablets, and gaming, driven by the Nintendo Switch 2 launch.
Best Buy's online marketplace, launched in August, contributed to a 3.5% rise in domestic digital sales.
The adjusted earnings per share forecast rose to $6.25–$6.35.

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Story summary

Best Buy Co., Inc. raised its fiscal 2026 sales outlook to 0.5%–1.2% growth from -1% to 1%.
Q3 comparable sales rose 2.7%, ahead of analysts' 1.62% expectation.
Growth came from computing, tablets, and gaming, driven by the Nintendo Switch 2 launch.
Best Buy's online marketplace, launched in August, contributed to a 3.5% rise in domestic digital sales.
The adjusted earnings per share forecast rose to $6.25–$6.35.