Best Buy raised its annual profit forecast on Thursday as tighter controls on costs help the electronics retailer offset the impact from steeper discounts and promotions across its categories. Shares of the company,

Best Buy Co.’s stock was up by 7% in premarket trading on Thursday after the electronics retailer boosted its fiscal 2025 profit outlook and topped analyst estimates for second-quarter profit. “As we look to the back half of the year,

Best Buy raised its annual profit forecast on Thursday, as tighter controls on costs help the electronics retailer more than offset the impact from steeper discounts and promotions. Best Buy's shares rose 15% after it also reported a smaller-than-expected drop in second-quarter comparable sales and breezed past earnings estimates.

Best Buy predicts adjusted earnings for the fiscal year ending in January within a range of $6.10 to $6.35 a share compared with prior guidance of $5.75 to $6.20. The guidance was

Best Buy 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.