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Best Buy 8-K Report, Financial Results (Aug 27, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 27, 2026
Period End
August 27, 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. Material agreement8-K · Jun ’16Jun ’16
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · May ’21May ’21
  4. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed August 27, 2026. Cited figures are marked; the original filing is the authoritative source.

Best Buy Co., Inc. reported second-quarter fiscal 2027 results for the 13 weeks ended August 1, 2026, with enterprise revenue of $9,779 milliona, up from $9,438 million a year earlier, and enterprise comparable sales growth of 4.1%.

Diluted EPS rose to $1.48b from $0.87, and adjusted diluted EPS rose to $1.47 from $1.28. Domestic comparable sales grew 4.5%, led by computing, home theater and emerging categories such as AI glasses and trading cards, while International comparable sales declined 1.8%. Domestic gross profit rate improved to 24.0% from 23.4%, aided by Marketplace and Best Buy Ads growth and approximately $34 million of IEEPA tariff refunds, while restructuring charges swung to a $6 million reduction from $114 million a year earlier.

The company raised its FY27 guidance. Revenue is now expected at $42.3 billion to $42.8 billionc (prior $41.2 billion to $42.1 billion), comparable sales at 1.9% to 3.0% (prior (1.0%) to 1.0%), and adjusted diluted EPS at $6.70 to $6.90 (prior $6.30 to $6.60). The adjusted operating income rate guidance is 4.4% to 4.5%, and capital expenditures of approximately $750 million are unchanged.

For Q3 FY27, the company expects comparable sales of 1.0% to 3.0% and an adjusted operating income rate of 4.1% to 4.2%. The filing also discloses a leadership transition: CEO Corie Barry is wrapping up her remaining months, and Jason Bonfig, currently Chief Customer, Product and Fulfillment Officer, becomes CEO effective November 1, 2026. Capital returns in the quarter totaled $239 milliond, including $203 million in dividends and $36 million in share repurchases, and the board declared a regular quarterly dividend of $0.96 per share payable October 8, 2026.

02—Key points

Key Highlights

  1. Enterprise revenue of $9,779 million in Q2 FY27 versus $9,438 million in Q2 FY26; enterprise comparable sales rose 4.1%.
  2. Diluted EPS of $1.48 versus $0.87 a year earlier; adjusted diluted EPS of $1.47 versus $1.28.
  3. Domestic comparable sales rose 4.5%, with domestic online comparable sales up 5.1%; International comparable sales fell 1.8%.
  4. FY27 guidance raised: adjusted diluted EPS to $6.70 to $6.90 (from $6.30 to $6.60) and comparable sales to 1.9% to 3.0% (from (1.0%) to 1.0%).
  5. Domestic gross profit rate improved to 24.0% from 23.4%, supported by Marketplace and Best Buy Ads growth and about $34 million of IEEPA tariff refunds.
  6. Restructuring charges were a $6 million reduction in Q2 FY27 versus $114 million of charges in Q2 FY26.
  7. CEO transition: Jason Bonfig becomes CEO effective November 1, 2026, succeeding Corie Barry; a quarterly dividend of $0.96 per share was declared.

03—Questions

Frequently Asked Questions

  1. Why did Best Buy raise its FY27 guidance?

    Management said the raise reflects strong first-half performance and momentum entering the second half of the year. Revenue guidance moved to $42.3 billion to $42.8 billion from $41.2 billion to $42.1 billion, and adjusted diluted EPS guidance moved to $6.70 to $6.90 from $6.30 to $6.60.

  2. What drove the improvement in profitability this quarter?

    Domestic gross profit rate rose to 24.0% from 23.4%, primarily from growth in Marketplace and Best Buy Ads and about $34 million of IEEPA tariff refunds, partly offset by lower product margin rates. Restructuring charges also turned to a $6 million reduction from $114 million a year earlier. Domestic adjusted SG&A rose to 19.6% of revenue from 19.3%.

  3. How did the International segment perform?

    International revenue was $709 million, down 4.2% from last year, on a comparable sales decline of 1.8% and negative foreign exchange effects. International gross profit rate improved to 22.3% from 21.8%, but adjusted SG&A rose to 20.5% of revenue from 19.3%.

  4. Who is becoming Best Buy's CEO, and when?

    Jason Bonfig, Chief Customer, Product and Fulfillment Officer, becomes CEO effective November 1, 2026. Corie Barry, the current CEO, is wrapping up her remaining months with the company.

  5. What are the company's capital return plans?

    In Q2 FY27 Best Buy returned $239 million to shareholders, including $203 million in dividends and $36 million in share repurchases. The company expects to spend approximately $300 million on share repurchases during FY27, and the board declared a regular quarterly dividend of $0.96 per share payable October 8, 2026, to holders of record on September 17, 2026.

04—Continue

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