Investing.com -- Best Buy (NYSE:BBY) reported fourth-quarter earnings and revenue that surpassed analyst expectations. The retailer's shares edged slightly higher in premarket trading Tuesday.
The company's earnings per share (EPS) for the quarter came in at $2.58, beating the consensus estimate of $2.39. It generated a revenue of $13.95 billion, also above the projected $13.66 billion.
Enterprise comparable sales rose 0.5%, reversing a 4.8% decline from the previous year and outperforming the estimated 1.43% decline.
Gross margin for the period improved to 20.9%, up from 20.5% a year earlier and slightly better than the 20.7% forecast.
For fiscal 2026, Best Buy expects EPS between $6.20 and $6.60, compared to the consensus estimate of $6.60. Revenue is projected to range between $41.4 billion and $42.2 billion, while analysts expected $41.811 billion.
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