
• Reported GAAP EPS of $2.58 up 369.09% YoY • Best Buy expects FY27 revenue of $41.2B to $42.1B, with adjusted diluted EPS between $6.30 and $6.60, and an adjusted operating income rate of 4.3% to 4.4%.
Bullish
Best Buy achieved better-than-expected profitability with increased operating income rates and expanded its digital Marketplace and ad partners. The company also raised its quarterly dividend.
Bearish
Best Buy experienced a 0.8% comparable sales decline due to softer demand, particularly in home theater and appliances. International comparable sales also decreased, and the company expects a mixed macro environment.