Best Buy (BBY) Q2 FY27 earnings call

Best Buy delivered better-than-expected Q2 FY27 results, driven by strong comparable sales growth across most categories and significant expansion in gross profit rate. The company raised its full-year guidance, reflecting confidence in continued sales momentum, particularly in emerging categories and strategic initiatives like Best Buy Ads and the U.S. marketplace. Leadership transition is underway, with the incoming CEO focused on expanding reach and elevating customer experience.