Best Buy Co., Inc. Q4 2026 Earnings Recap

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.