Core Viewpoint - Best Buy has raised its fiscal year 2026 outlook for revenue and earnings despite weaker profits in Q3, indicating confidence in future performance [1][2]. Revenue and Earnings Outlook - The company now expects full-year revenue between $41.65 billion and $41.95 billion, an increase from the previous range of $41.1 billion to $41.9 billion [1]. - Adjusted earnings per share are forecasted to be between $6.25 and $6.35, up from the earlier guidance of $6.15 to $6.30 [1]. Comparable Sales and Q3 Performance - Best Buy updated its full-year comparable sales outlook to an increase of 0.5% to 1.2%, compared to the earlier guidance of a 1% decline to a 1% rise [2]. - In Q3, the company reported revenue of $9.67 billion, slightly above the $9.44 billion from the same period last year [2][3]. - Domestic revenue rose 2.1% year-on-year to $8.88 billion, driven by a 2.4% increase in comparable sales [3]. Profitability Metrics - Gross profit increased to $2.24 billion from $2.2 billion in the same quarter of the previous year [3]. - Net income for Q3 was $140 million, down from $273 million a year earlier, while operating income decreased to $198 million from $350 million [3]. Category Performance - Key contributors to like-for-like sales growth included computing, gaming, and mobile phones, while home theatre and appliances saw lower sales [4]. - Domestic online revenue reached $2.82 billion, up 3.5% on a comparable basis, representing 31.8% of domestic revenue [4]. Shareholder Returns and Dividends - The company returned $234 million to shareholders in Q3, including $199 million in dividends and $35 million in share repurchases [5]. - A quarterly cash dividend of $0.95 per common share was declared [5]. Digital Marketplace Launch - In August 2025, Best Buy launched its digital marketplace, significantly expanding the range of online products available [6].