Companies /Consumer Cyclical

Best Buy Co. Inc

NYSE: BBY Specialty Retail
$83.57
▼ $3.87 (−4.43%) today
Markets closed · 6:31pm ET

Q2 2027 Earnings

Reported Aug 27, 2026, 7:00am ET · SEC source
$1.47
Beat +8.15%
EPS · est. $1.36 Adjusted
$9.8B
Beat +2.29%
Revenue · est. $9.6B
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%Aug 27Aug 27report 7:00am ETearnings+0.1%−0.5%
−4%0+4%Aug 27Aug 27earnings+0.1%−0.5%
BBY −0.5%S&P 500 +0.1%
−4%0+4%Aug 27Aug 27report 7:00am ETearnings+0.1%−0.5%
−4%0+4%Aug 27Aug 27earnings+0.1%−0.5%
BBY −0.5%NASDAQ +0.1%
0+3%+6%Aug 26Aug 27report 7:00am ETearnings+0.2%+1.2%
0+3%+6%Aug 26Aug 27earnings+0.2%+1.2%
BBY +1.2%S&P 500 +0.2%
0+3%+6%Aug 26Aug 27report 7:00am ETearnings+0.3%+1.2%
0+3%+6%Aug 26Aug 27earnings+0.3%+1.2%
BBY +1.2%NASDAQ +0.3%
−4.44%
Day of report

Did BBY Beat Earnings? Q2 2027 Results

Best Buy posted a convincingly strong second quarter for fiscal 2027, beating Wall Street on both the top and bottom lines and extending its consecutive EPS beat streak to five quarters. Adjusted diluted EPS came in at $1.47, ahead of the $1.36 consensus by 8.15%, while revenue of $9.78 billion topped estimates by 2.29% and grew 3.6% year over year. The primary engine behind the beat was the Domestic segment, where comparable sales rose 4.5%, fueled by strength in computing, home theater, and emerging categories including AI glasses, with online revenue reaching $3.00 billion and representing 33.1% of Domestic sales. Domestic gross profit rate expanded to 24.0% from 23.4%, aided by growth in Best Buy Ads and Marketplace initiatives. Ahead of the print, at least one analyst had flagged positive credit card data as a reason to expect upside, and the results bore that out. Looking ahead, the company raised its full-year adjusted diluted EPS guidance to $6.70 to $6.90 and lifted its revenue outlook to $42.30 billion to $42.80 billion.

Key Takeaways
  • Comparable sales growth of 4.1% enterprise-wide, 4.5% Domestic
  • Computing and home theater were largest weighted growth drivers
  • Emerging categories such as AI glasses and trading cards contributed to growth
  • Growth in Marketplace and Best Buy Ads improved Domestic gross profit rate
  • IEEPA tariff refunds of approximately $34 million boosted gross profit
  • Domestic online revenue grew 5.1% on a comparable basis to $3.00 billion
  • Consumer electronics comparable sales up 5.6%, computing and mobile phones up 6.8%

“We are very pleased to report we outperformed expectations in the second quarter with comparable sales growth of 4.1% and a higher-than-expected adjusted operating income rate. We drove growth across almost all our major product categories as well as continued strong performance in our Best Buy Ads and Marketplace initiatives.”

Best Buy CEO, on the earnings call

Forward Guidance & Outlook

Best Buy raised its FY27 guidance: revenue of $42.3 billion to $42.8 billion (from $41.2B-$42.1B), comparable sales growth of 1.9% to 3.0% (from -1.0% to 1.0%), adjusted operating income rate of 4.4% to 4.5% (from 4.3%-4.4%), adjusted effective tax rate of approximately 25.5% (unchanged), adjusted diluted EPS of $6.70 to $6.90 (from $6.30-$6.60), and capital expenditures of approximately $750 million (unchanged). For Q3 FY27, the company expects comparable sales of 1.0% to 3.0% and adjusted operating income rate of 4.1% to 4.2%. The company expects approximately $300 million in share repurchases during FY27.

BBY YoY Financials

Q2 2027 vs Q2 2026 · SEC filings Q2 2026 Q2 2027
$0$3.0B$6.0B$9.0B$9.4B$9.8BRevenue$2.2B$2.3BGross Profit$365.0M$421.0MOperating Income$186.0M$315.0MNet Income
$0$3.0B$6.0B$9.0BRevenueGross ProfitOperating IncomeNet Income

BBY Revenue by Segment

Domestic$9.1B+4.3%
International$709.0M−4.2%

BBY Revenue by Geography

Domestic$9.1B+4.3%
International$709.0M−4.2%

Figures from SEC filings and company reports. Not investment advice.