Inferra AI / Company / BBY
Best Buy
BBY · Consumer Discretionary
Last earnings Aug 27, 2026
Key results
Domestic revenuequarter
$8.13 billion
Domestic revenue of $8.13 billion decreased 0.9% versus last year primarily driven by a comparable sales decline of 0.7%.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Revenuequarter
$2.58 billion
 Domestic online revenue of $2.58 billion increased 2.1% on a comparable basis, and as a percentage of total Domestic revenue, online revenue was 31.7% versus 30.8% last year.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
International revenuequarter
$640 million
 International Segment Q1 FY26 Results  International Revenue International revenue of $640 million decreased 0.6% versus last year primarily driven by a negative foreign currency impact of approximately 450 basis points and a comparable sales decline of 0.7%.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Gross marginquarter
$2,049 million
Gross profit 2,049 2,064
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Operating incomequarter
$219 million
Operating income 219 312
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
EPSquarter
$ 0.95
Diluted earnings per share $ 0.95 $ 1.13
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
AI analysis
Q2 FY2026 · reported May 29, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · May 29, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Segment mix
Business-unit revenue, as stated
Segment revenue figures as stated in the event record.
Headline figures
| Metric | Q2 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Domestic revenue | $8.13 billion | — | — |
| Revenue | $2.58 billion | — | — |
| International revenue | $640 million | — | — |
| Gross margin | $2,049 million | — | — |
| Operating income | $219 million | — | — |
| EPS | $ 0.95 | — | — |
Guidance · company-stated
“1 of (1.0%”
“rate 2 of approximately 4.2%”
“2 of approximately 25.0%”
“2 of $6.15 to $6.30”
“of approximately $700 million”
“rate was 23.5%”
Guidance stated in the release's Business Outlook table for FY26; no direction stated — figures as stated in the table.
Margin
Capital allocation
 Share Repurchases and Dividends  In Q1 FY26, the company returned a total of $302 million to shareholders through dividends of $202 million and share repurchases of $100 million.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +1493.0% computed from stated figures
Event summary
Best Buy Q2 FY2026 — Domestic revenue of $8.13 billion decreased 0.9% versus last year primarily driven by a comparable sales decline of 0.7%.
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “Revenue of $41.1 billion to $41.9 billion”
sales: “sales 1 of (1.0%”
operating income: “operating income rate 2 of approximately 4.2%”
tax rate: “tax rate 2 of approximately 25.0%”
Adjusted diluted EPS: “Adjusted diluted EPS 2 of $6.15 to $6.30”
Capital expenditures: “Capital expenditures of approximately $700 million”
gross profit: “gross profit rate was 23.5%”
Revenue (“FY26”)
“Revenue of $41.1 billion to $41.9 billion”
sales (“FY26”)
“sales 1 of (1.0%”
operating income (“FY26”)
“operating income rate 2 of approximately 4.2%”
tax rate (“FY26”)
“tax rate 2 of approximately 25.0%”
Adjusted diluted EPS (“FY26”)
“Adjusted diluted EPS 2 of $6.15 to $6.30”
Capital expenditures (“FY26”)
“Capital expenditures of approximately $700 million”
gross profit (“FY26”)
“gross profit rate was 23.5%”
Guidance stated in the release's Business Outlook table for FY26; no direction stated — figures as stated in the table.
Capital allocation
 Share Repurchases and Dividends  In Q1 FY26, the company returned a total of $302 million to shareholders through dividends of $202 million and share repurchases of $100 million.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
The company expects to spend approximately $300 million on share repurchases during FY26.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
 Today, the company announced its board of directors has authorized the payment of a regular quarterly cash dividend of $0.95 per common share.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
The quarterly dividend is payable on July 10, 2025, to shareholders of record as of the close of business on June 19, 2025.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Fair Value of Financial Instruments Long-term debt is presented at carrying value on our Condensed Consolidated Balance Sheets.
SEC original ↗Best Buy — 10-Q Quarterly report10-QSep 4, 2026
If our long-term debt were recorded at fair value, it would be classified as Level 2 in the fair value hierarchy.
SEC original ↗Best Buy — 10-Q Quarterly report10-QSep 4, 2026
Strategy & priorities
”  Barry continued, “We remain focused on our FY26 strategic priorities, which include the following: 1) drive omni-channel experience improvements that resonate with our customers; 2) launch and scale incremental profit streams, including Best Buy Marketplace and Best Buy Ads; and 3) drive operational effectiveness and efficiency to fund strategic investments and offset pressures.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
 Restructuring Charges  The company incurred $109 million of restructuring charges in Q1 FY26 that were primarily associated with a restructuring initiative within the company’s Best Buy Health business that commenced in Q1 FY26.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Such statements reflect our current views and estimates with respect to future market conditions, company performance and financial results, operational investments, business prospects, our operating model, new strategies and growth initiatives, the competitive environment, consumer behavior and other events.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
(2) Charges for the three months ended May 3, 2025, primarily relate to a restructuring initiative within the company’s Best Buy Health business that commenced in Q1 FY26 .
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Charges for the three months ended May 4, 2024, primarily relate to an enterprise-wide restructuring initiative that commenced in Q4 FY24.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Risks & headwinds
”  “Today we are updating our full year guidance to incorporate the impact of tariffs,” said Matt Bilunas, Best Buy CFO.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Our underlying working assumptions are that tariffs stay at the current levels for the rest of the year, and there is no material change in consumer behavior from the trends we have seen in recent quarters.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
The inability to provide a reconciliation is due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the non-GAAP adjustments may be recognized.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
These statements involve a number of judgments and are subject to certain risks and uncertainties, many of which are outside the control of the Company, that could cause actual results to differ materially from the potential results discussed in such forward-looking statements.
SEC original ↗Best Buy — Earnings release (8-K exhibit)EX-99May 29, 2025
Legal Proceedings 28 Item 2.
SEC original ↗Best Buy — 10-Q Quarterly report10-QSep 4, 2026
Other than the receipt of additional tariff refunds summarized below, no such events were identified.
SEC original ↗Best Buy — 10-Q Quarterly report10-QSep 4, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q2 2026
- 10-QBBY
Sep 4, 2026
- 8-KBBY
Aug 27, 2026
- 8-KBBY
Aug 3, 2026
- Q1 2026
- 8-KBBY
Jun 22, 2026
- 8-KBBY
Jun 17, 2026
- 10-QBBY
Jun 5, 2026
- 8-KBBY
May 28, 2026
- EX-99BBY
May 28, 2026
- 8-KBBY
Apr 22, 2026
- Q4 2025
- 10-KBBY
Mar 18, 2026
- 8-KBBY
Mar 3, 2026
- Q3 2025
- 8-K/ABBY
Dec 10, 2025
- 10-QBBY
Dec 5, 2025
- 8-KBBY
Dec 1, 2025
- 8-KBBY
Nov 25, 2025
- Q2 2025
- 8-KBBY
Sep 12, 2025
- 10-QBBY
Sep 5, 2025
- 8-KBBY
Aug 28, 2025
- 8-KBBY
Jul 11, 2025
- Q1 2025
- 8-KBBY
Jun 17, 2025
- 10-QBBY
Jun 6, 2025
- 8-KBBY
May 29, 2025
- 8-KBBY
Apr 23, 2025
- Q4 2024
- 10-KBBY
Mar 19, 2025
- 8-KBBY
Mar 4, 2025
- Q3 2024
- 10-QBBY
Dec 6, 2024
- 8-KBBY
Nov 26, 2024
- Q2 2024
- 10-QBBY
Sep 6, 2024
- 8-KBBY
Aug 29, 2024
- Q1 2024
- 8-KBBY
Jun 14, 2024
- 10-QBBY
Jun 7, 2024
Earnings releases
9 documentsPresentations
0 documentsNo presentations for Best Buy are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Best Buy are held in this edition of the library.
Mentioned by
3 companiesOther tracked companies whose held documents mention Best Buy by name or ticker. A mention is counted once per document, from the document text the library holds.
Rexford Industrial Realty, Inc. (REXR)
“1 GXO Logistics Supply Chain, Inc. Mid-Counties 411,034 $9,421 1.2% $22.92 11/30/2028 Best Buy Stores, L.P. Inland Empire West…”
“ur momentum… … higher gross profit rate was primarily driven by growth in Marketplace and Best Buy Ads, and IEEPA tariff refunds of approximately $34 million. The previous items were partially offset by lower product margin…”
“1 GXO Logistics Supply Chain, Inc. Mid-Counties 411,034 $9,421 1.2% $22.92 11/30/2028 Best Buy Stores, L.P. Inland Empire West…”
See also the earnings calendar for every tracked company’s next earnings date.