For this fiscal year, Best Buy anticipates revenue will range from $41.3 billion to $42.6 billion.
In a news release Thursday, CEO Corie Barry said Best Buy expects the coming year to be one "of increasing industry sales stabilization."
That metric is expected to improve in the coming year, as Best Buy benefits from changes to its annual membership program, a newer moneymaker for the retailer.
Like home improvement companies, Best Buy saw outsized spending as shoppers were stuck at home.
Shares of Best Buy closed at $79.68 on Wednesday, bringing the company's market value to $17.16 billion.
Persons:
Corie Barry, they've, Matt Bilunas, Barry
Organizations:
LSEG, CNBC PRO
Locations:
U.S