Best Buy Co. Inc
Q4 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: −3.60%.
Did BBY Beat Earnings? Q4 2026 Results
Best Buy closed out fiscal year 2026 on a quietly impressive note, delivering Q4 earnings per share of $2.61 against a consensus estimate of $2.47 — a 5.67% beat — even as revenue of $13.81 billion fell just shy of the $13.89 billion Wall Street expected and slipped 1.0% year-over-year. The profit outperformance wasn't accidental: adjusted operating income rate expanded to 5.0% from 4.9% a year ago, with disciplined cost management and growth in higher-margin streams like Best Buy Ads and Marketplace revenue offsetting softer product margins. Computing and mobile phones, now representing 47% of domestic revenue mix, provided meaningful lift while home theater and appliances remained a drag. Shares climbed roughly 7% on the results, reflecting investor appreciation for <a href="https://247wallst.com/investing/2026/03/03/best-buys-leaner-cost-structure-drives-post-earnings-rally/">the company's leaner operating model</a>. Looking ahead, Best Buy guided FY27 revenue of $41.20 billion to $42.10 billion with adjusted diluted EPS of $6.30 to $6.60, and bumped its quarterly dividend 1% to $0.96 per share.
- Computing and mobile phones growth offset declines in home theater and appliances
- Best Buy Ads growth and Marketplace revenue contributed to domestic gross profit rate stability
- Lower compensation expense including incentive compensation reduced SG&A
- Domestic comparable sales declined 0.8% driven by home theater and appliances weakness
- Consumer Electronics comparable sales declined 7.3% domestically
- Computing and Mobile Phones comparable sales grew 5.4% domestically
- Online revenue was 39.0% of total Domestic revenue
- Lower effective tax rate due to lapping nondeductible Best Buy Health goodwill impairment from prior year
“We are pleased to report better-than-expected profitability for the fourth quarter. Our comparable sales, while within our guidance range, declined 0.8% compared to last year. Our data sources show our overall market share was at least flat, pointing to slightly softer customer demand for our industry during the holiday quarter.”
Best Buy CEO, on the earnings call
Forward Guidance & Outlook
For FY27, Best Buy expects revenue of $41.2 billion to $42.1 billion, comparable sales change of -1.0% to +1.0%, adjusted operating income rate of 4.3% to 4.4%, adjusted effective income tax rate of approximately 25.5%, adjusted diluted EPS of $6.30 to $6.60, and capital expenditures of approximately $750 million. For Q1 FY27, the company expects comparable sales growth of approximately 1% and an adjusted operating income rate of approximately 3.9%. The company also plans approximately $300 million in share repurchases during FY27.
BBY YoY Financials
BBY Revenue by Segment
BBY Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.