Best Buy demonstrated resilience with strong online sales growth and strategic initiatives in ads and marketplace, despite facing challenges in domestic sales and tariff impacts. Customer satisfaction showed improvement, but earnings were affected by lower investment income.

Company Guidance

In the first quarter of fiscal 2026, Best Buy reported a revenue of $8.8 billion with an adjusted operating income rate of 3.8%, which remained flat compared to the previous year. The company achieved an adjusted earnings per share of $1.15. Comparable sales in the domestic market declined by 0.7%, with notable growth of 6% in the computing and tablet categories, while home theater, appliances, and drones experienced declines. Online sales accounted for nearly 32% of total domestic sales, reflecting a year-over-year increase. Best Buy also highlighted improvements in their omnichannel operations, achieving nearly 60% of online purchases delivered or available for pickup within one day. Additionally, they reported a material improvement in their domestic relationship net promoter score. Despite ongoing inflation, consumer behavior remained steady, with customers continuing to be deal-focused and willing to invest in high-priced products when necessary or when innovation is evident. The company is adjusting its guidance, anticipating full-year comparable sales to range from a decline of 1% to an increase of 1%, with an expected adjusted operating income rate consistent with the previous year, around 4.2%.

Online Sales Growth

Online sales grew year-over-year for the second consecutive quarter, comprising nearly 32% of total domestic sales, with almost 60% of online purchases delivered or available for pickup within one day.

Strong Performance in Computing and Tablets

Best Buy delivered 6% comparable sales growth in the combined computing and tablet categories, driven by consumer demand for technology innovation and upgrades.

Best Buy Ads and Marketplace Initiatives

Strong interest from sellers with over 500 onboarded for Marketplace launch and expansion of Best Buy Ads inventory and new advertiser partnerships, expected to contribute positively to gross profit rate.

Improved Relationship Net Promoter Score

Material year-over-year improvement in Best Buy's domestic relationship net promoter score, indicating better customer satisfaction and likelihood to recommend the brand.

Best Buy Co (BBY) Earnings, Revenues Date & History

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BBY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 02, 2025	2026 (Q2)	1.20 / -	1.34	―	―	―
May 29, 2025	2026 (Q1)	1.10 / 1.15	1.2	-4.17% (-0.05)	―
Mar 04, 2025	2025 (Q4)	2.41 / 2.58	2.72	-5.15% (-0.14)	―
Nov 26, 2024	2025 (Q3)	1.29 / 1.26	1.29	-2.33% (-0.03)	―
Aug 29, 2024	2025 (Q2)	1.16 / 1.34	1.22	9.84% (+0.12)	―
May 30, 2024	2025 (Q1)	1.07 / 1.20	1.15	4.35% (+0.05)	―
Feb 29, 2024	2024 (Q4)	2.52 / 2.72	2.61	4.21% (+0.11)	―
Nov 21, 2023	2024 (Q3)	1.19 / 1.29	1.38	-6.52% (-0.09)	―
Aug 29, 2023	2024 (Q2)	1.07 / 1.22	1.54	-20.78% (-0.32)	―
May 25, 2023	2024 (Q1)	1.10 / 1.15	1.57	-26.75% (-0.42)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BBY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 29, 2025	$70.54	$65.41	-7.27%
Mar 04, 2025	$84.48	$73.24	-13.30%
Nov 26, 2024	$89.64	$85.26	-4.89%
Aug 29, 2024	$83.79	$95.62	+14.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.