Best Buy Co (BBY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Sep 01, 2026

Before Open (Confirmed)

Period Ending

2027 (Q2)

Consensus EPS Forecast

1.34

Last Year’s EPS

1.28

Same Quarter Last Year

Analyst Consensus

Hold

Based on 15 Analysts Ratings

Earnings Call Summary

Q1 2027

Earnings Call Date:May 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call portrayed a company executing well on strategic initiatives (Best Buy Ads, Marketplace, new store formats, membership enhancements) with modest top-line growth, margin expansion, and an EPS beat. Operational wins (faster fulfillment, category momentum in gaming/computing/mobile, international growth) and maintained fiscal guidance are positives. Challenges include pressured appliance sales, some product margin headwinds (notably internationally), memory-related ASP/unit risk, a strategic inventory build, and a tough Q2 comparative cadence (Switch 2 lap). Overall, the positive execution and outlook for new profit streams and product launches outweigh the near-term headwinds.

Company Guidance

Best Buy maintained its FY‑27 guidance: revenue $41.2B–$42.1B, comparable sales down 1% to up 1%, adjusted operating income rate 4.3%–4.4%, adjusted diluted EPS $6.30–$6.60, adjusted effective tax rate ~25.5%, capital expenditures ~ $750M and planned share repurchases of ~ $300M. Management expects gross profit rate expansion of ~30 basis points driven by Best Buy Ads and the U.S. Marketplace, with ad collections targeted to grow ~10% to nearly $1B and U.S. Marketplace GMV expected to be at least $1.2B; SG&A will increase to support ads/marketplace (including ~ $30M higher incentive compensation). For Q2 they forecast comparable sales of about 1% (month‑to‑date May is high single‑digits) and an operating income rate of ~3.9% (flat YoY).

Comparable Sales and Revenue Beat Expectations

Enterprise comparable sales grew 2% year-over-year, above the prior outlook (~1%). Enterprise revenue was $8.9 billion, up 1.9% versus last year.

Profitability and EPS Improvement

Adjusted operating income rate was 4.1% (up ~30 basis points year-over-year) and adjusted diluted EPS was $1.28, up 11% versus last year.

Strong Performance from Ads and Marketplace

Best Buy Ads and Marketplace exceeded performance targets and contributed positively to gross profit rate. Q1 U.S. Marketplace GMV was ~ $250 million; company expects U.S. Marketplace GMV of at least $1.2 billion for FY27 and guided ad collections to grow ~10% toward nearly $1 billion.

Category Strength: Gaming, Computing, Mobile

Gaming showed solid growth across Switch 2, PS5 and Xbox (supported by popular software). Computing delivered its ninth consecutive quarter of positive comparable sales and Best Buy business grew ~15%. Mobile phones recorded the fifth consecutive quarter of growth.

Online and Fulfillment Improvements

Online revenue was $2.6 billion (up 1.4% on a comparable basis) and represented 32% of domestic revenue. 65% of online purchases were delivered or available for pickup within 1 day (up from ~60% a year ago); ~45% of online purchases were picked up in-store.

International and Domestic Segment Results

International revenue increased 7% to $687 million (driven by 4.7% comparable sales growth and favorable FX). Domestic revenue was $8.2 billion, up 1.5% with domestic comps up 1.8%.

Maintained FY27 Guidance and Capital Returns

Company maintained FY27 guidance: revenue $41.2B–$42.1B; comparable sales down 1% to up 1%; adjusted operating income rate 4.3%–4.4%; adj diluted EPS $6.30–$6.60. Returned $202 million to shareholders in the quarter and plans ~$300 million in share repurchases.

New Initiatives and Store Strategy

Announced medium (20k–25k sq ft) and small (12k–15k sq ft) formats to expand reach, repurposing space in ~70 stores (50 to 'Meta Labs') and plans to leverage new categories (AI glasses, trading cards, 3D printers) which collectively doubled sales versus last year.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BBY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 01, 2026	2027 (Q2)	1.34 / -	1.28	―	―	―
May 28, 2026	2027 (Q1)	1.23 / 1.28	1.15	11.30% (+0.13)	―
Mar 03, 2026	2026 (Q4)	2.46 / 2.61	2.58	1.16% (+0.03)	―
Nov 25, 2025	2026 (Q3)	1.31 / 1.40	1.26	11.11% (+0.14)	―
Aug 28, 2025	2026 (Q2)	1.21 / 1.28	1.34	-4.48% (-0.06)	―
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)	―

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 28, 2026	$64.54	$74.74	+15.80%
Mar 03, 2026	$60.67	$64.96	+7.08%
Nov 25, 2025	$73.52	$77.44	+5.34%
Aug 28, 2025	$72.41	$69.74	-3.70%

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.