Earnings summaries and quarterly performance for BEST BUY CO.
Executive leadership at BEST BUY CO.
Corie Barry
Chief Executive Officer
Jason Bonfig
Senior Executive Vice President, Customer Offering, Fulfillment & Best Buy Canada
Kamy Scarlett
Senior Executive Vice President, Corporate Affairs & Human Resources
Matt Bilunas
Chief Financial Officer & Enterprise Strategy
Todd Hartman
Executive Vice President, Chief Legal & Risk Officer and Secretary
Board of directors at BEST BUY CO.
Claudia Munce
Director
David Kenny
Chair of the Board
David Kimbell
Director
Karen McLoughlin
Director
Lisa Caputo
Director
Mario Marte
Director
Meghan Frank
Director
Melinda Whittington
Director
Richelle Parham
Director
Sima Sistani
Director
Steven Rendle
Director
Research analysts who have asked questions during BEST BUY CO earnings calls.
Scot Ciccarelli
Truist Securities
3 questions for BBY
Steven Forbes
Guggenheim Securities, LLC
3 questions for BBY
Anthony Chukumba
Loop Capital Markets LLC
2 questions for BBY
Brian Nagel
Oppenheimer & Co. Inc.
2 questions for BBY
Christopher Horvers
JPMorgan Chase & Co.
2 questions for BBY
Gregory Melich
Evercore ISI
2 questions for BBY
Jonathan Matuszewski
Jefferies Financial Group Inc.
2 questions for BBY
Michael Baker
D.A. Davidson & Co.
2 questions for BBY
Michael Lasser
UBS
2 questions for BBY
Peter Keith
Piper Sandler & Co.
2 questions for BBY
Steven Zaccone
Citigroup
2 questions for BBY
Joseph Feldman
Telsey Advisory Group
1 question for BBY
Karen Short
Melius Research
1 question for BBY
Lauren Ng
Morgan Stanley
1 question for BBY
Seth Basham
Wedbush Securities
1 question for BBY
Seth Sigman
Cantor Fitzgerald
1 question for BBY
Simeon Gutman
Morgan Stanley
1 question for BBY
Recent press releases and 8-K filings for BBY.
- Q2 revenue of $9.4 B (+1.6% comps), adj. EPS $1.28, and adj. op. income rate 3.9%, driven by gaming and computing growth
- Maintained FY26 guidance: revenue $41.1–41.9 B, comps down 1% to up 1%, adj. op. income rate ~4.2%, and EPS $6.15–6.30; trending to high end on sales
- Launched Best Buy Marketplace, expanded vendor partnerships (Meta AI glasses, IKEA pilot), and advanced supply chain automation, with vendor labor +20% in H2
- Returned $568 M YTD to shareholders (dividends $403 M, buybacks $165 M) and expect $300 M more repurchases, amid tariff cost pressures
- Expanded tariffs imposed by President Trump are driving higher costs for U.S. retailers like Best Buy, leading to consumer price increases and narrow retail margins.
- Retailers find absorbing tariff costs unsustainable, signaling inevitable price hikes and further margin erosion if costs cannot be passed on.
- U.S. manufacturing has seen a sharp drop in production and new orders, compounding economic uncertainty for consumer electronics supply chains.
- Companies are diversifying supply chains and pursuing legal challenges to mitigate prolonged tariff-related disruptions.
- Best Buy reported Q1 revenue of $8.77 billion, a 0.7% decline in comparable sales, and adjusted EPS of $1.15, all missing analyst estimates.
- Lowered fiscal 2026 guidance to $41.1–$41.9 billion in sales and $6.15–$6.30 in adjusted EPS, citing tariff uncertainty from China and Mexico.
- Fiscal 2026 adjusted operating income rate is expected at ~4.2%, with Q2 forecast at ~3.6%.
- Shares fell about 8% following the results, and management will invest in digital, marketplace, and advertising initiatives to mitigate pressures.
- Best Buy Co., Inc. entered into a new $1.25 billion five-year senior unsecured revolving credit facility on April 18, 2025, replacing its previous credit facility, which was terminated on the same day.
- The agreement, with U.S. Bank National Association as administrative agent and a syndicate including Bank of America, Citibank, and PNC Capital Markets as key arrangers, provides variable interest rates based on benchmarks such as U.S. Bank’s prime rate and adjusted term SOFR, and includes an associated facility fee.
Recent SEC filings and earnings call transcripts for BBY.
No recent filings or transcripts found for BBY.