Oliver Hu (on for Seth Sigman)'s questions to Best Buy Co Inc (BBY) leadership • Q4 2025
Question
Oliver Hu, on for Seth Sigman, asked about Best Buy's market share in appliances and its strategy to accelerate growth in that category. He also inquired about the importance of housing turnover to the company's sales guidance and its impact on other product categories.
Answer
EVP Jason Bonfig stated that the appliance market has been pressured by the housing slowdown, with the industry currently dominated by single-unit 'duress' replacements, which is not Best Buy's strength compared to premium packages. He noted the company is using targeted promotions and expects the category's decline to lessen. CEO Corie Barry added that the company's guidance explicitly assumes no material change in the housing market and that housing has very little correlation with its other categories, aside from a minor link to TVs.