Core Insights - Best Buy Canada has launched its Black Friday sale, offering discounts of up to 80% on various products [2][3] Product Discounts - Significant savings include $250 off the Apple iPhone 16 Pro Max 256GB, now priced at $1,199 [3] - A $430 discount on the Roku Select Series 75" 4K UHD HDR QLED Smart TV, bringing the price down to $1,069 [3] - Discounts on laptops include $300 off the HP 15.6" Laptop, now $699 [3] - The PlayStation 5 Slim Digital Edition is available with a $130 discount, priced at $469 [3] - Apple iPad A16 11" 128GB is discounted by $100, now $599 [3] - The Garmin fēnix 7 Pro Sapphire Solar smartwatch sees a $620 reduction, now $779 [3] - Samsung Galaxy S25 FE 128GB is available with a $170 discount, priced at $629 [3] - Sony WH-1000XM4 headphones are discounted by $152, now $298 [3] - Dyson V8 Origin Cordless Vacuum is available with a $150 discount, now $349 [3] - The Philips 800 Automatic Espresso Machine is discounted by $550, now $1,199 [3] - Lenovo IdeaPad Slim 3 15.6" Touchscreen Laptop sees a $250 discount, now $699 [3] - Samsung 65" S84F Series 4K UHD HDR OLED TV is available with a $700 discount, now $2,299 [3] - Razer BlackWidow V3 Gaming Keyboard is discounted by $50, now $149 [3] - Beats By Dr. Dre Studio Pro headphones are available with a $180 discount, now $319 [3] - Google Pixel 9a 128GB is discounted by $180, now $419 [3] - Sony BRAVIA Theatre System is available with a $400 discount, now $599 [3] - Heritage Infrared Steam Air Fryer sees an 80% discount, now $49 [3] - Starlink Mini Kit is available with a $300 discount, now $199 [3] - Dyson Airwrap i.d. Multi-Styler is discounted by $200, now $499 [3] - Bosch 100 Series Built-In Dishwasher sees a $550 discount, now $1,199 [3] - MotionGrey Ergo2 Adjustable Electric Standing Desk is available with a $170 discount, now $329 [3]

Core Viewpoint - Analysts expect Best Buy to report quarterly earnings of $1.31 per share, reflecting a year-over-year increase of 4% and revenues of $9.58 billion, up 1.4% from the previous year [1] Earnings Projections - The consensus EPS estimate has been revised upward by 0.4% over the past 30 days, indicating a collective reassessment by analysts [1][2] Revenue Estimates by Product Category - Revenue from Domestic Computing and Mobile Phones is estimated at $4.04 billion, a decrease of 0.5% year-over-year [4] - Revenue from Domestic Consumer Electronics is projected at $2.47 billion, an increase of 1.8% year-over-year [4] - Revenue from Domestic Appliances is expected to be $1.05 billion, down 0.6% year-over-year [5] - Revenue from Domestic Entertainment is forecasted at $484.72 million, up 1.2% from the prior year [5] Geographic Revenue Estimates - Domestic Geographic Revenue is anticipated to reach $8.76 billion, reflecting a 0.8% increase from the previous year [5] - International Geographic Revenue is projected at $786.21 million, indicating a 5.1% increase year-over-year [6] Store Count Projections - The total number of International stores is expected to be 156, down from 160 a year ago [6] - The number of Domestic Best Buy stores is projected to be 883, down from 889 year-over-year [8] - The total number of Domestic stores is estimated at 948, compared to 957 a year ago [8] Stock Performance - Over the past month, Best Buy shares have declined by 8.6%, while the Zacks S&P 500 composite has decreased by 0.3% [9]

Core Viewpoint - Best Buy is expected to report a year-over-year increase in earnings and revenues for the quarter ended October 2025, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $1.31 per share, reflecting a +4% change year-over-year, and revenues of $9.56 billion, which is a 1.2% increase from the previous year [3]. - The consensus EPS estimate has been revised 0.4% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - Best Buy has an Earnings ESP of +2.04%, suggesting analysts are optimistic about the company's earnings prospects [12]. - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook, but the combination of a positive Earnings ESP and this rank suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Best Buy exceeded the expected earnings of $1.22 per share by delivering $1.28, resulting in a surprise of +4.92% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - Best Buy is positioned as a strong candidate for an earnings beat, but investors should consider other factors that may influence stock performance beyond just earnings results [15][17].

Core Viewpoint - UBS indicates that Best Buy (BBY.US) is likely to showcase a strengthening business model in its upcoming earnings report, benefiting from a new wave of technology products and internal cost controls, setting a solid foundation for a robust holiday season and constructive outlook through 2026 [1] Group 1: Earnings and Sales Performance - UBS maintains a "Buy" rating on Best Buy and raises the target price from $90 to $93 [1] - Investors expect same-store sales growth in Q3 to exceed the consensus estimate of 1.4%, with most anticipating an increase between 2% and 3% [2] - If sales trends remain strong, Best Buy may slightly raise its full-year earnings per share guidance above the current range of $6.15 to $6.30, creating mild upward pressure on expectations [2] Group 2: Strategic Initiatives - The launch of Best Buy's third-party marketplace in the U.S. is a significant strategic move, increasing online product offerings by approximately six times, including expanded categories like sports goods and kitchenware [3] - UBS estimates that this marketplace could drive revenue growth by up to 90 basis points by FY2027, with attractive long-term profit margin prospects despite short-term profit contributions being limited due to initial investments [3] - Structural factors supporting business growth include a broader device replacement cycle, potential rebounds in housing-related categories, and increased sensitivity of consumer electronics to upcoming fiscal policy changes [3] Group 3: Holiday and Q4 Outlook - UBS expects a positive sales trend to continue into Q4, with same-store sales projected to grow by 0.8%, while UBS predicts a growth of 1.5% [4] - Strong performance may lead to slight profit growth, aided by cost leverage, although gross margins could face slight pressure due to product mix and promotional activities [4]

Core Insights - Best Buy Co., Inc. has significantly underperformed the broader market, with a 13% decline over the past year compared to a 14.1% increase in the S&P 500 Index [2] - The company's stock has also lagged behind the SPDR S&P Retail ETF, which gained about 1% over the same period [3] - Factors contributing to this underperformance include increased online competition and a normalization of gadget spending post-pandemic [4] Financial Performance - For Q2, Best Buy reported an adjusted EPS of $1.28, exceeding Wall Street expectations of $1.22, and revenue of $9.4 billion, surpassing forecasts of $9.2 billion [4] - The company anticipates full-year adjusted EPS between $6.15 and $6.30, with revenue expected to range from $41.1 billion to $41.9 billion [4] - Analysts predict a 1.9% decline in EPS for the current fiscal year, estimating it at $6.25 on a diluted basis [5] Analyst Ratings and Price Targets - Among 24 analysts covering Best Buy, the consensus rating is a "Moderate Buy," with eight "Strong Buy" ratings, 15 "Holds," and one "Moderate Sell" [5] - Truist Financial Corporation has maintained a "Hold" rating and raised the price target to $79, indicating a potential upside of 1.7% from current levels [6] - The mean price target of $80.79 suggests a 4% premium, while the highest target of $95 indicates a potential upside of 22.3% [6]

Core Insights - IKEA U.S. is launching its first cross-brand retail experience in select Best Buy stores, aiming to enhance customer experience by making it more affordable and accessible [1][2] - The new IKEA at Best Buy experience will be available in select markets in Texas and Florida, featuring immersive planning spaces for kitchens and laundry rooms [2][3] Company Collaboration - The partnership between IKEA and Best Buy is designed to bring together design, functionality, and affordability, allowing customers to shop IKEA products through another retailer for the first time in the U.S. [4] - Both companies are committed to providing a unique shopping experience that combines home furnishing solutions with cutting-edge appliances [5] Store Locations and Launch Events - The shared retail presence is currently live in several Best Buy locations in Florida and Texas, with additional stores set to open on November 14 [3] - To celebrate the launch, exclusive giveaways and remarks from executives will be held at select locations [4] Customer Experience - The shop-in-shop experience will be staffed by IKEA employees who will assist customers in designing their spaces while shopping for appliances [5] - This innovative retail model reflects both companies' dedication to meeting customer needs in a collaborative environment [5]

Core Insights - Walmart is launching its annual holiday sales events to attract budget-conscious shoppers and maintain its market dominance during the critical shopping season [1][2] Sales Events - Walmart will hold three major sales events, known as Walmart Deals Events, with priority access for loyalty members. The first event is scheduled from Nov. 14 to Nov. 16, with early online access for Walmart+ members starting on the evening of Nov. 13 [2] - The second event will take place from Nov. 25 to Nov. 30, with early access for Walmart+ members beginning on Nov. 24 at 7 p.m. ET. The final event will start on Cyber Monday [2] Discounts and Consumer Behavior - Walmart U.S. CEO John Furner announced that some products will be discounted by up to 60%, with thousands of deals priced under $20, aiming to attract shoppers facing financial pressures [3] - Bank of America CEO Brian Moynihan noted that while the American consumer remains strong, the middle class is increasingly feeling economic strain, which influences spending behavior [3][5] Retail Environment - Retailers are emphasizing value to consumers due to economic challenges and tariff-related price increases. Joe Feldman from Telsey Advisory Group highlighted that consumers are shopping more frequently but spending less, focusing on value and being selective with discretionary purchases [6][8] - Competition among retailers is intensifying, with companies like Amazon and Best Buy launching their own promotional events to attract customers during the holiday season [8] Pricing Trends - Feldman indicated that promotions this year may be used to counteract tariff-related price increases, suggesting that discounts may be less steep compared to previous years, with products potentially being 30% off instead of 40% [9]

Group 1 - Jim Cramer discussed Best Buy Co., Inc. (NYSE:BBY) in relation to Intel's earnings report, highlighting a CPU shortage faced by Intel [2] - Cramer suggested that a new cycle for video games could positively impact Best Buy's stock, noting its role as a retailer for electronics and gaming [2] - Best Buy's stock has shown signs of recovery, with Cramer indicating that it was previously undervalued and is now gaining traction [2] Group 2 - The potential of Best Buy as an investment is acknowledged, but there is a belief that certain AI stocks may offer higher returns with limited downside risk [3] - A report is available that highlights an extremely cheap AI stock that benefits from Trump tariffs and onshoring [3]

Core Insights - Best Buy Co., Inc. has a market capitalization of $17.5 billion and operates over 1,000 stores across the U.S., Canada, and Mexico, offering a variety of consumer electronics and services [1] - The company is expected to announce its fiscal Q3 2026 earnings soon, with analysts predicting an adjusted EPS of $1.30, reflecting a 3.2% increase from the previous year [1] - For fiscal 2026, an adjusted EPS of $6.24 is anticipated, representing a 2% decline from $6.37 in fiscal 2025, but expected to grow to $6.74 in fiscal 2027 [2] Stock Performance - Best Buy shares have decreased by 10.6% over the past 52 weeks, underperforming the S&P 500 Index, which gained 18.4%, and the Consumer Discretionary Select Sector SPDR Fund, which returned 20.1% [3] - On October 13, Best Buy shares surged by 8.8% due to easing U.S.–China trade tensions, which positively impacted investor sentiment and benefited retailers reliant on Chinese imports [4] Analyst Ratings - The consensus view on Best Buy stock is cautiously optimistic, with a "Moderate Buy" rating; among 24 analysts, 8 recommend "Strong Buy," 15 suggest "Hold," and 1 advises "Moderate Sell" [5] - The stock currently trades above its mean price target of $80.16, with the highest target of $95 indicating a potential premium of 14.6% from current market prices [5]

Core Insights - Hohem is launching its advanced gimbal products, iSteady V3, iSteady V3 Ultra, and iSteady M7, through Best Buy in the US and Canada, enhancing accessibility for consumers [2][3] Product Launch - The iSteady V3 and iSteady M7 gimbals are available for testing and purchase at Best Buy stores, while the iSteady V3 Ultra is exclusively available online with in-store pickup options [2][3] Product Features - **iSteady V3 Ultra**: This model features next-gen intelligence, designed for high-performance content creation in a compact form, with advanced AI tracking capabilities [3][5] - **iSteady M7**: Priced at $299, it is targeted at serious content creators, offering features like AI tracking without an app, 360° infinite pan tracking, and a detachable touchscreen remote for enhanced usability [4][11] - **iSteady V3**: Priced at $129, it serves as an entry-level option for solo content creators, providing a plug-and-play solution for smartphone shooting [7][8] Marketing Campaign - To celebrate the launch, Hohem is running a nationwide in-store campaign encouraging consumers to engage with the products and share their experiences on social media for a chance to win prizes [7] Brand Philosophy - Hohem emphasizes that content creation should be accessible to all, regardless of experience level or technical complexity, aiming to empower users with AI-powered gimbals that adapt to their lifestyle [8][10]