Best Buy reported better-than-expected third-quarter results, supported by stronger demand across the computing, gaming, and mobile phone categories and continued improvements in both store and online performance. There were declines in home theatre and appliances.

“We are pleased to report better-than-expected sales and adjusted operating income rate for the third quarter,” said CEO Corie Barry. 

“We delivered sales growth across both online and stores, saw continued improvements in customer experience ratings and launched our Best Buy Marketplace.”

The company reported enterprise revenue of $9.67 billion for the quarter, up from $9.45 billion a year earlier.

The domestic segment delivered $8.88 billion in sales, versus $8.7 billion last year, while the international segment generated $794 million, up from $748 million in the prior-year period.

Online revenue grew 3.5 per cent to $2.82 billion and accounted for 31.8 per cent of domestic sales.

International revenue rose 6.1 per cent to $794 million, supported by 6.3 per cent comparable sales growth and contributions from Best Buy Express locations. 

Best Buy increased its FY26 revenue and comparable sales expectations following its Q3 performance. The company now forecasts revenue of $41.65 to $41.95 billion and comparable sales growth of 0.5 to 1.2 per cent. 

“I want to thank our employees for their dedication… setting us up well for an exciting holiday season,” added Barry.