Best Buy Raises Outlook as Consumers Spend on Tech Upgrades

2025-11-25 15:10

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Best Buy Raises Outlook as Consumers Spend on Tech Upgrades

By Nicholas G. MillerShareResizeListen(1 min)Best Buy boosted its full-year outlook and said that consumers are still willing to spend on new tech products, despite a broader focus on finding deals. a...

Nicholas G. Miller

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Best Buy boosted its full-year outlook and said that consumers are still willing to spend on new tech products, despite a broader focus on finding deals. andrew kelly/Reuters

Best Buy boosted its full-year outlook and said that consumers are still willing to spend on new tech products, despite a broader focus on finding deals.

Chief Executive Corie Barry said on the company’s earnings call that consumers were being careful about large purchases but were paying up for expensive products when they need to or when products offer new features.