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Best Buy 8-K Report, Financial Results (Mar 3, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed March 3, 2026
Period End
March 3, 2026
Security
BBY
In the record · 2016–202610-K1110-Q328-K109

BBY filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 109 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · May ’16May ’16
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · May ’21May ’21
  4. Material agreement8-K · Apr ’25Apr ’25

01—Abstract

Summary

Summary of the 8-K filed March 3, 2026. Cited figures are marked; the original filing is the authoritative source.

Best Buy Co., Inc. (NYSE: BBY) reported results for the 13-week fourth quarter ended January 31, 2026 (Q4 FY26) in a news release furnished as Exhibit 99 to this Form 8-K.

Enterprise revenue was $13.81 billiona, down from $13.95 billion a year earlier, and enterprise comparable sales declined 0.8%. Diluted EPS was $2.56 versus $0.54 last year, and adjusted diluted EPS was $2.61 versus $2.58. Operating income rose to 5.2% of revenue from 1.6%, and adjusted operating income was 5.0% of revenue versus 4.9%.

Management cited better-than-expected profitability, with the CEO noting that market share was at least flat, pointing to slightly softer demand in the holiday quarter. For full fiscal 2026, comparable sales turned positive at 0.5%, and adjusted diluted EPS was $6.43b versus $6.37. For fiscal 2027, Best Buy guided to revenue of $41.2 billion to $42.1 billion, comparable sales of (1.0%) to 1.0%, an adjusted operating income rate of 4.3% to 4.4%, and adjusted diluted EPS of $6.30 to $6.60.

For the first quarter, the company expects comparable sales growth of approximately 1% and an adjusted operating income rate of approximately 3.9%. The board approved a 1% increase in the quarterly dividend to $0.96c per share, payable April 14, 2026, and the company expects to spend approximately $300 million on share repurchases in FY27. The quarter's GAAP results were affected by items including restructuring charges and Best Buy Health impairments in the prior year.

The year-ago quarter included a $475 milliond goodwill and intangible asset impairment, which the company excluded from its adjusted measures. Cash flow from operations for FY26 was $1.96 billion, and cash and cash equivalents were $1.74 billion at year end.

02—Key points

Key Highlights

  1. Q4 FY26 enterprise revenue of $13.81 billion versus $13.95 billion a year earlier; enterprise comparable sales decreased 0.8%.
  2. Q4 diluted EPS of $2.56 versus $0.54 last year; adjusted diluted EPS of $2.61 versus $2.58.
  3. Q4 operating income rate of 5.2% versus 1.6%; adjusted operating income rate of 5.0% versus 4.9%.
  4. FY26 comparable sales increased 0.5% after a 2.3% decline in FY25; FY26 adjusted diluted EPS of $6.43 versus $6.37.
  5. FY27 guidance: revenue of $41.2 billion to $42.1 billion, comparable sales of (1.0%) to 1.0%, adjusted operating income rate of 4.3% to 4.4%, and adjusted diluted EPS of $6.30 to $6.60.
  6. Quarterly dividend increased 1% to $0.96 per share, payable April 14, 2026, to holders of record as of March 24, 2026.
  7. FY26 shareholder returns totaled $1.07 billion, including $801 million in dividends and $273 million in share repurchases; approximately $300 million in repurchases is planned for FY27.

03—Questions

Frequently Asked Questions

  1. How did Best Buy perform in the fourth quarter?

    Enterprise revenue was $13.81 billion, down from $13.95 billion, with comparable sales down 0.8%. Diluted EPS rose to $2.56 from $0.54, and adjusted diluted EPS was $2.61 versus $2.58. The operating income rate improved to 5.2% from 1.6%.

  2. What is Best Buy's guidance for fiscal 2027?

    The company expects revenue of $41.2 billion to $42.1 billion, comparable sales of (1.0%) to 1.0%, an adjusted operating income rate of 4.3% to 4.4%, an adjusted effective tax rate of approximately 25.5%, and adjusted diluted EPS of $6.30 to $6.60. Capital expenditures are expected to be approximately $750 million.

  3. What drove the domestic segment's results?

    Domestic revenue of $12.58 billion fell 1.1% on a comparable sales decline of 0.8%. Home theater and appliances were the largest drags, partially offset by growth in computing and mobile phones. Domestic online revenue fell 2.3% on a comparable basis, and the domestic gross profit rate was 20.9%, approximately flat year over year.

  4. How did the International segment perform?

    International revenue of $1.24 billion rose 0.5%, driven mainly by favorable foreign exchange rates, partly offset by a 1.3% comparable sales decline. The gross profit rate fell to 20.5% from 21.4%, mainly due to lower product margin rates.

  5. What is the impact of the dividend and capital return plans?

    The board approved a quarterly dividend of $0.96 per share, a 1% increase, payable April 14, 2026. In Q4 FY26, the company returned $272 million through dividends of $199 million and share repurchases of $73 million. It expects to spend approximately $300 million on share repurchases in FY27.

04—Continue

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