Best Buy Sevp, Chro Sold Shares Worth Over $10M

Best Buy (BBY) reported Q2 2027 revenue growth of 3.6% to $9.8B, with comparable sales up 4.1%. Computing led growth, and emerging categories like AI glasses saw sales double. The company raised its Marketplace forecast to $1.3B. BBY's stock rose 26.5% in 3 months, with a P/S ratio of 0.48. Earnings estimates were revised upward.

Best Buy (BBY) founder Richard M. Schulze's affiliated entities plan to sell 300,000 shares under Rule 144, with Piper Sandler & Co. as the broker. The shares have an aggregate market value of $27,972,000. Recent sales from Schulze's revocable trust were also reported.

Best Buy (BBY) reported Q2 revenue of $9.78B, up 3.6% YoY, beating estimates. Its stock rose 3.7% post-earnings. Dick's (DKS) reported $5.59B revenue, up 53.2% YoY, missing estimates. Its stock fell 24.7%. Sally Beauty (SBH) reported flat revenue of $935.5M, meeting expectations. Bath & Body Works (BBWI) reported $1.51B revenue, down 2.3% YoY, beating estimates. Its stock rose 4.8%.

Best Buy (BBY) stock hit a 52-week high of $91.27, up 18.5% over the past year. The company reported Q2 2027 earnings of $1.47 per share on revenue of $9.78B, beating estimates. Analysts have mixed views, with some raising price targets to $95 and others downgrading due to valuation concerns.

Best Buy (BBY) raised its fiscal 2027 outlook, projecting revenue of $42.3-$42.8B and adjusted earnings of $6.70-$6.90 per share, up from prior estimates. Growth is driven by Marketplace and Best Buy Ads, with Q2 gross margin expanding to 24%. However, memory cost increases and operating investments may limit benefits.

Best Buy (BBY) shares rose 17.9% in three months, supported by Q2 earnings and revenue beats. The company raised fiscal 2027 guidance, citing broad category growth. However, memory inflation and tougher comparisons may limit further upside. BBY trades at 12.5X forward earnings, above its 5-year median.