{"id":998421,"date":"2026-08-27T07:03:10","date_gmt":"2026-08-27T11:03:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-reports-second-quarter-results-3\/"},"modified":"2026-08-27T07:03:10","modified_gmt":"2026-08-27T11:03:10","slug":"best-buy-reports-second-quarter-results-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-reports-second-quarter-results-3\/","title":{"rendered":"Best Buy Reports Second Quarter Results"},"content":{"rendered":"

<\/p>\n

Best Buy Reports Second Quarter Results<\/b><\/p>\n

Comparable Sales Increased 4.1%<\/b><\/p>\n

Diluted EPS Increased 70% to $1.48<\/b><\/p>\n

Adjusted Diluted EPS Increased 15% to $1.47<\/b><\/p>\n

Raises FY27 Comparable Sales Guidance to 1.9% to 3.0%<\/b><\/p>\n

Raises FY27 Adjusted Diluted EPS Guidance to $6.70 to $6.90<\/b><\/p>\n

MINNEAPOLIS–(BUSINESS WIRE<\/a>)–
\nBest Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended August 1, 2026 (\u201cQ2 FY27\u201d), as compared to the 13-week second quarter ended August 2, 2025 (\u201cQ2 FY26\u201d).<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

Q2 FY27<\/b><\/p>\n<\/td>\n

\n

Q2 FY26<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Revenue ($ in millions)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nEnterprise<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n9,779<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n9,438<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nDomestic segment<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n9,070<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n8,698<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nInternational segment<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n709<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n740<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nEnterprise comparable sales % change1<\/sup><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n4.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1.6<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

\nDomestic comparable sales % change1<\/sup><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n4.5<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

\nDomestic comparable online sales % change1<\/sup><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n5.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n5.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

\nInternational comparable sales % change1<\/sup><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n(1.8<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n7.6<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

Operating Income<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nOperating income as a % of revenue<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n4.3<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n2.7<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted operating income as a % of revenue<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n4.3<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n3.9<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

Diluted Earnings per Share (“EPS”)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nDiluted EPS<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n1.48<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n0.87<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted diluted EPS<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n1.47<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$<\/p>\n<\/td>\n

\n

\n1.28<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nFor GAAP to non-GAAP reconciliations of the consolidated adjusted measures used throughout this release, please refer to the attached supporting schedule.<\/p>\n

\n\u201cWe are very pleased to report we outperformed expectations in the second quarter with comparable sales growth of 4.1% and a higher-than-expected adjusted operating income rate,\u201d said Corie Barry, Best Buy CEO. \u201cWe drove growth across almost all our major product categories as well as continued strong performance in our Best Buy Ads and Marketplace initiatives.\u201d<\/p>\n

\nBarry continued, \u201cAs I wrap up my remaining months with Best Buy, I\u2019m reflecting on the dedication of our teams and the investments we\u2019ve made, and I\u2019m proud of the way we\u2019ve evolved our business. Together, we have built a stronger, more resilient Best Buy, strengthened our position as a trusted partner in our customers\u2019 lives and carved out a unique role at the intersection of technology, services and human connection.\u201d<\/p>\n

\n\u201cThe strength of our Q2 results reflects both the deliberate actions we have taken to position the business for growth and a healthy demand environment for our category,\u201d said Jason Bonfig, Best Buy Chief Customer, Product and Fulfillment Officer, and incoming CEO (effective November 1, 2026). \u201cOver the past several years, we have invested in areas that matter most to customers, including elevating specialty expertise in our stores, partnering closely with our vendors to bring innovation to market, and improving fulfillment speed and execution across our supply chain.\u201d<\/p>\n

\n\u201cWe are raising our annual financial guidance due to the strong first half performance and our momentum as we enter the second half of the year,\u201d continued Bonfig. \u201cI want to extend my appreciation to our employees across the company for their commitment to our customers and for the strong execution of our strategy.\u201d<\/p>\n

FY27 Financial Guidance<\/span><\/b><\/p>\n

\nThe company\u2019s FY27 financial guidance is as follows:<\/p>\n