Earnings summaries and quarterly performance for BEST BUY CO.
Executive leadership at BEST BUY CO.
Corie Barry
Detailed
Chief Executive Officer
CEO
Jason Bonfig
Detailed
Senior Executive Vice President, Customer Offering, Fulfillment & Best Buy Canada
Kamy Scarlett
Detailed
Senior Executive Vice President, Corporate Affairs & Human Resources
Matt Bilunas
Detailed
Chief Financial Officer & Enterprise Strategy
Todd Hartman
Detailed
Executive Vice President, Chief Legal & Risk Officer and Secretary
Board of directors at BEST BUY CO.
Claudia Munce
Detailed
Director
David Kenny
Detailed
Chair of the Board
David Kimbell
Detailed
Director
Karen McLoughlin
Detailed
Director
Lisa Caputo
Detailed
Director
Mario Marte
Detailed
Director
Meghan Frank
Detailed
Director
Melinda Whittington
Detailed
Director
Richelle Parham
Detailed
Director
Sima Sistani
Detailed
Director
Steven Rendle
Detailed
Director
Research analysts who have asked questions during BEST BUY CO earnings calls.
Anthony Chukumba
Loop Capital Markets LLC
4 questions for BBY
Also covers: ASO, EYE, FIVE +8 more
Christopher Horvers
JPMorgan Chase & Co.
4 questions for BBY
Also covers: AAP, ASO, AZO +17 more
Jonathan Matuszewski
Jefferies Financial Group Inc.
4 questions for BBY
Also covers: ARHS, ASO, BBBY +11 more
Peter Keith
Piper Sandler & Co.
4 questions for BBY
Also covers: ARHS, BOOT, BYON +18 more
Scot Ciccarelli
Truist Securities
3 questions for BBY
Also covers: AAP, AZO, COST +12 more
Seth Sigman
Cantor Fitzgerald
3 questions for BBY
Also covers: AAP, ARHS, AZO +13 more
Simeon Gutman
Morgan Stanley
3 questions for BBY
Also covers: AAP, ACI, ARHS +32 more
Steven Forbes
Guggenheim Securities, LLC
3 questions for BBY
Also covers: AAP, ARHS, AZO +15 more
Brian Nagel
Oppenheimer & Co. Inc.
2 questions for BBY
Also covers: ASO, AZO, CVNA +17 more
Greg Mellick
Evercore
2 questions for BBY
Gregory Melich
Evercore ISI
2 questions for BBY
Also covers: AAP, ASO, AZO +8 more
Joe Feldman
Telsey Advisory Group
2 questions for BBY
Also covers: DLTR, ETH, FIVE +1 more
Michael Baker
D.A. Davidson & Co.
2 questions for BBY
Also covers: AAP, AMRK, AZO +17 more
Michael Lasser
UBS
2 questions for BBY
Also covers: AAP, ASO, AZO +24 more
Steven Zaccone
Citigroup
2 questions for BBY
Also covers: AAP, AZO, BJ +14 more
Joseph Feldman
Telsey Advisory Group
1 question for BBY
Also covers: ACI, COOK, COST +9 more
Karen Short
Melius Research
1 question for BBY
Also covers: ACI, COST, DG +9 more
Lauren Ng
Morgan Stanley
1 question for BBY
Also covers: AZO, LESL, OLLI +1 more
Seth Basham
Wedbush Securities
1 question for BBY
Also covers: AAP, ARHS, ASO +9 more
Recent press releases and 8-K filings for BBY.
Best Buy reports Q3 2026 earnings
BBY
Earnings
Guidance Update
- In Q3, revenue was $9.7 billion (+2.4% yoy), enterprise comparable sales grew 2.7%, adjusted operating income rate was 4%, and adjusted EPS was $1.40 (+11% yoy).
- For Q4, comparable sales are expected to be down 1% to up 1%, with an adjusted operating income rate of 4.8%–4.9% (vs. 4.9% LY); full-year fiscal 2026 guidance includes revenue of $41.65 billion–$41.95 billion, comparable sales growth of 0.5%–1.2%, and adjusted EPS of $6.25–$6.35.
- Strategic initiatives—namely the new Best Buy marketplace with >1,000 sellers and the expanded retail media network—contributed positively to Q3 gross profit rate and are expected to further boost profitability in Q4.
- Year-to-date, Best Buy returned $802 million to shareholders via $602 million in dividends and $200 million in share repurchases, with approximately $300 million of buybacks still planned for the year.
Nov 25, 2025, 1:00 PM
Best Buy reports Q3 FY2026 results
BBY
Earnings
Guidance Update
New Projects/Investments
- Revenue of $9.7 billion (+2.4% yoy), adjusted operating income rate of 4%, and adjusted EPS of $1.40 (+11%)
- Q4 comps guidance of –1% to +1% with an adjusted operating income rate of 4.8%–4.9%; full-year revenue outlook of $41.65 billion–$41.95 billion and EPS of $6.25–$6.35
- Advanced omnichannel initiatives, including AI glasses demos and in-store showcases, and launched Best Buy Marketplace with >1,000 sellers and 11× SKUs, boosting gross profit rate
- Category strength from a 7th consecutive quarter of positive computing comps (desktop growth ~30%) amid Windows 11 transitions, robust Nintendo Switch 2 demand, and mobile phone sales growth
Nov 25, 2025, 1:00 PM
Best Buy reports Q3 2026 results
BBY
Earnings
Guidance Update
- Best Buy delivered $9.7 billion in Q3 revenue, up 2.4% YoY, with enterprise comps up 2.7%, an adjusted operating income rate of 4%, and adjusted EPS of $1.40, up 11% YoY.
- Online sales represented 31.8% of domestic revenue, with domestic revenue up 2.1% to $8.9 billion and international revenue up 6.1% to $794 million, driven by computing and mobile phones.
- For Q4, Best Buy expects comparable sales of down 1% to up 1% and an adjusted operating income rate of 4.8–4.9%, roughly in line with last year’s 4.9% rate.
- Strategic initiatives include the ramp of the Best Buy Marketplace (over 1,000 sellers and 11× more SKUs) and Best Buy Ads—both contributing positively to Q3 gross profit rate and expected to further benefit Q4.
- Ongoing investments in store experiences feature new immersive areas (e.g., AI glasses from Meta, Breville, Shark Ninja, and IKEA pilots) and enhanced digital capabilities (app personalization and two-hour delivery windows) to strengthen omnichannel engagement.
Nov 25, 2025, 1:00 PM
Best Buy reports Q3 2025 earnings and raises full-year guidance
BBY
Earnings
Guidance Update
- Best Buy delivered $9.67 billion in Q3 revenue, with comparable sales up 2.7% and adjusted EPS of $1.40 (vs. $1.30 expected).
- Full-year guidance was raised to $41.65 billion–$41.95 billion in revenue and $6.25–$6.35 in adjusted EPS; comparable-sales outlook improved to +0.5%–1.2%.
- Q4 outlook calls for comparable sales of –1% to +1% and an adjusted operating-income rate near 4.8%–4.9%.
- U.S. same-store sales rose 2.4%, online sales climbed 3.5%, and international sales jumped 6.3%, helping margin expansion.
Nov 25, 2025, 12:23 PM
Best Buy reports Q3 FY26 results
BBY
Earnings
Guidance Update
Share Buyback
- Enterprise revenue was $9.67 billion, up from $9.45 billion year-over-year, with comparable sales +2.7%; GAAP diluted EPS was $0.66 and adjusted diluted EPS $1.40.
- Raised FY26 guidance: revenue to $41.65–41.95 billion, comparable sales to 0.5–1.2%, and adjusted diluted EPS to $6.25–6.35.
- Domestic revenue of $8.88 billion (+2.1%) with comparable sales +2.4% and adjusted operating margin of 4.1%.
- Q3 included $192 million of Best Buy Health impairments, lifting the effective tax rate to 31.5%; returned $234 million to shareholders via dividends and share repurchases and declared a quarterly dividend of $0.95.
Nov 25, 2025, 12:00 PM
Best Buy reports Q2 2026 results
BBY
Earnings
Guidance Update
New Projects/Investments
- 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
Aug 28, 2025, 10:20 PM
Best Buy faces cost pressure from expanded Trump tariffs
BBY
Demand Weakening
Legal Proceedings
- 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.
May 30, 2025, 12:51 PM
Best Buy cuts fiscal 2026 outlook amid tariff pressures
BBY
Guidance Update
Profit Warning
- 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.
May 29, 2025, 11:13 AM
Best Buy Initiates New Five-Year Credit Agreement
BBY
Debt Issuance
- 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.
Apr 23, 2025, 12:00 AM
Quarterly earnings call transcripts for BEST BUY CO.
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