Best Buy earnings preview: Wall Street expects sales boost from Apple MacBook Neo launch, bigger tax refunds

Yahoo Finance · 2026-05-27

Best Buy earnings preview: Wall Street expects sales boost from Apple MacBook Neo launch, bigger tax refunds Brooke DiPalma · Senior Reporter Wed, May 27, 2026 at 4:20 PM CDT 2 min read BBY WSFX.BO AAPL Best Buy ( BBY ) faces high expectations for its first quarter results out on Thursday morning as key product launches like Apple’s ( AAPL ) MacBook Neo and higher tax refunds are expected to help sales. Wall Street expects same-store sales growth of 0.9%, following a 0.8% decline in the fourth quarter when consumers pulled back on holiday purchases. Best Buy forecast same-store sales growth of 1% for the quarter. Revenue is expected to grow about 1% to $8.8 billion in the first quarter, alongside earnings growth of 6% to $1.22 per share. This report will be the first since the company announced CEO Corie Barry will step down from the electronics retailer at the end of the third quarter. On Oct. 31, Barry will be succeeded by Jason Bonfig, who currently serves as Best Buy's chief customer, product, and fulfillment officer. Barry will stay on as a strategic adviser for six months when Bonfig takes the reins, and Bonfig will replace her on the board. ”Apple's record March quarter and MacBook Neo demand point to solid contribution while Logitech delivered an encouraging read on peripherals [computer hardware devices], citing a resilient premium US consumer, solid tax refund lift and US gaming sales turning positive in February,” Wedbush analyst Matthew McCartney wrote in a note to clients. Investors will also have eyes on Best Buy’s forward guidance, with McCartney calling it the “larger variable.” In the fourth quarter, Best Buy CFO Matt Bilunas noted the “mixed macro environment” as the company set expectations for full-year revenue in the range of $41.2 billion to $42.1 billion, alongside same-store sales ranging from a 1% decline to growth of 1%. Adjusted earnings per share are expected to be in the range of $6.30 to $6.60 for the year. “We expect a conservative 2Q guide given lingering product shortages (including for Neo and Mac Mini), CEO transition, lapping last year’s Switch 2 launch,” McCartney said. Telsey Advisory Group analyst Joe Feldman gave Bonfig a vote of confidence, saying, “We will be listening for initial commentary from CEO-elect Jason Bonfig, whom we view as a solid, logical choice given his skill set and tenure at Best Buy.” Feldman said, however, “headwinds remain around tariff visibility, and new concerns have arisen about higher oil prices.” Brooke DiPalma is a reporter for Yahoo Finance. Follow her on X at @ BrookeDiPalma or email her at bdipalma@yahoofinance.com. Read the latest financial and business news from Yahoo Finance

AI 시장 분석

Ahead of Best Buy's earnings release, Wall Street anticipates a sales boost driven by the launch of the Apple MacBook Neo and larger tax refunds. This reflects expectations for increased consumer spending and the impact of new product releases.

상승 영향

Consumer Electronics — The launch of the Apple MacBook Neo and increased tax refunds are expected to boost consumer purchasing power, driving sales of laptops and other electronic devices.
Retail — Increased disposable income from larger tax refunds will lead to higher overall sales for retailers like Best Buy, benefiting the retail sector.
Technology — Apple's new product launch raises expectations for technological innovation and increases demand for related components and software, positively impacting the broader technology sector.
Semiconductors — The introduction of new electronic devices like the Apple MacBook Neo increases demand for the semiconductor components required for these devices, benefiting semiconductor manufacturers.

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