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Earnings Data
Report Date
Sep 01, 2026Before Open (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
1.34Last Year’s EPS
1.28Same Quarter Last Year
Based on 17 Analysts Ratings
Earnings Call Summary
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
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.
BBY Earnings History
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 | $63.69 | $73.76 | +15.80% |
Mar 03, 2026 | $59.87 | $64.11 | +7.08% |
Nov 25, 2025 | $72.55 | $76.42 | +5.34% |
Aug 28, 2025 | $71.46 | $68.82 | -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.
FAQ
When does Best Buy Co. (BBY) report earnings?
Best Buy Co. (BBY) is schdueled to report earning on Sep 01, 2026, Before Open (Confirmed).
What is Best Buy Co. (BBY) earnings time?
Best Buy Co. (BBY) earnings time is at Sep 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBY EPS forecast?
BBY EPS forecast for the fiscal quarter 2027 (Q2) is 1.34.
