Stock Movers: Best Buy, Dell Technologies, Dollar General

Scott Peters
29 Aug, 2025
New York City

Dell Technologies Inc. fell 5.3% to $127 despite the computer products and services provider reporting a rise in net income in the fiscal second quarter ending on August 1.

Consolidated revenue increased 19% to $29.78 billion from $25 billion, net income jumped 32% to $1.16 billion from $882 million, and diluted earnings per share rose 38% to $1.70 from $1.23 a year ago.

Dell Technologies returned $1.3 billion to shareholders in the quarter through share repurchases and dividends.

Dell guided fiscal third-quarter revenue to be between $26.5 billion and $27.5 billion, with diluted earnings per share expected to be $2.07 and adjusted diluted earnings per share to be $2.45 at the midpoint, respectively. 

Dell guided full-year revenue between $105 billion and $109 billion, diluted earnings per share of $7.98, and adjusted diluted earnings per share to be $9.55 at the midpoint, respectively. 

“We’ve now shipped $10 billion of AI solutions in the first half of FY26, surpassing all shipments in FY25. This helped deliver another record revenue quarter in our Servers and Networking business, which grew 69%,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies.

Dollar General Corp. fell 0.4% to $111.25 after the discount retailer reported a 9% rise in earnings in the fiscal second quarter ending on August 1.

Consolidated revenue inched higher to $10.7 billion from $10.2 billion, net income climbed to $411 million from $374 million, and diluted earnings per share soared to $1.86 from $1.70 a year ago.

The discount retailer estimated fiscal 2025 net revenue to increase between 4.3% and 4.8%, same-store sales to rise between 2.1% and 2.6%, and diluted earnings per share to be between $5.80 and 6.30.

The company’s financial guidance continues to assume no share repurchases in fiscal year 2025 and an effective tax rate of 23.5%. 

The company's board declared a quarterly cash dividend of $0.59 per share, payable on October 21 to shareholders on record on October 7.

The company reiterated its plans to execute approximately 4,885 real estate projects in fiscal year 2025, including opening approximately 575 new stores in the U.S. and up to 15 new stores in Mexico. 

The retailer plans to remodel approximately 2,000 stores through "Project Renovate" and 2,250 stores through "Project Elevate," and relocate approximately 45 stores.

Best Buy Co. Inc. decreased 0.5% to $72.31 after the consumer electronics retailer reported a 36% decline in profit in the fiscal second quarter ending on August 2.

Consolidated revenue edged higher to $9.4 billion from $9.3 billion, net income declined to $186 million from $291 million, and diluted earnings per share dropped to 87 cents from $1.34 a year ago.

Best Buy reiterates its full-year revenue estimate to be between $41.1 billion and $41.9 billion, adjusted operating income rate to be 4.2%, comparable sales to rise 1%, and adjusted diluted earnings per share to be between $6.15 and $6.30.

For the full year, the company expects to spend approximately $300 million on share repurchases.

During the second quarter, the company returned a total of $266 million to shareholders through dividends of $201 million and share repurchases of $65 million.

For the year-to-date, the company returned a total of $568 million to shareholders, including $403 million in dividends and $165 million in share repurchases.

The company's board declared a quarterly cash dividend of $0.95 per share, payable on October 9 to shareholders on record on September 18.

Best Buy delivered comparable sales growth of 1.6% in the second quarter.