Best Buy Raises Full-Year Outlook as Leadership Transition Nears
Dow Jones19:14
Best Buy raises its full-year revenue guidance to $42.3 billion to $42.8 billion, up from a prior range of $41.2 billion to $42.1 billion. The improved outlook comes as CEO Corie Barry prepares to hand off leadership to Jason Bonfig, the company's chief customer, product and fulfillment officer, on Nov. 1. The retailer also lifts its adjusted diluted EPS guidance to $6.70 to $6.90, compared with prior guidance of $6.30 to $6.60. Bonfig credits the company's investments in specialty store expertise, vendor partnerships and fulfillment improvements for the strong results
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