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Best Buy hiked its full-year forecast Tuesday, as it topped Wall Street's quarterly sales expectations and customers turned to the retailer to upgrade laptops and splurge on new gaming consoles and smartphones.
The consumer electronics retailer said it now expects revenue of between $41.65 billion to $41.95 billion for the full year, higher than its previous range of $41.1 billion to $41.9 billion. It expects adjusted earnings per share of $6.25 to $6.35, compared with its prior range of $6.15 to $6.30.
Best Buy said it expects full-year comparable sales, a metric that tracks sales online and at stores open at least 14 months, to range between a 0.5% rise to a 1.2% increase, compared with its previous expect

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