Best Buy Co., Inc. Earnings Recaps
Q2 2027
Aug 29, 2026
Best Buy’s shares dropped 5.7% following the quarter as the cautious outlook and lack of meaningful uplift in margins failed to sustain investor confidence despite modest revenue growth and raised guidance.
Key takeaways
- Comparable sales increased 4.1% year-over-year, marking the 10th consecutive quarter of positive comps, led by computing (+21% in business team sales) and home theater segments.
- Adjusted operating income margin expanded modestly to 4.3%, while adjusted EPS grew 15% to $1.47 on $9.8 billion revenue.
- Newer categories such as AI glasses, trading cards, and health rings saw more than double sales growth, contributing to gross profit rate expansion supported by Best Buy Ads and Marketplace initiatives.
- Traditional gaming sales declined due to difficult comparisons against the Switch 2 launch last year; mobile and major appliances showed steady but unremarkable growth.
- Management reaffirmed a cautious customer outlook emphasizing value-conscious spending and selective big-ticket purchases, with guidance raised but framed within tempered demand expectations.
Q4 2026
Mar 3, 2026
Best Buy reported better-than-expected profitability in Q4 Fiscal 2026, achieving adjusted earnings per share of $2.61 on revenues of $13.8 billion, despite a slight decline in comparable sales.
Key takeaways
- Adjusted operating income rate was 5%, with profitability metrics slightly up from last year.
- Eighth consecutive quarter of positive comparable sales in computing, driven by strong demand for laptops and desktops.
- Customer satisfaction metrics significantly improved, reaching their highest levels in over two years.
- The company returned $1.1 billion to investors via dividends and share repurchases, demonstrating strong capital management.
- Fiscal 2027 guidance projects comparable sales growth between -1% to +1%, reflecting mixed macroeconomic conditions.