Best Buy — Mar 4, 2025 release

This leads to our comparable sales guide in the range of flat to 2% growth for the year, with growth weighted more to the second half of the year based on the timing of product launches and initiatives.”  Bilunas continued, “For Q1 FY26, we expect comparable sales to be slightly down to last year and our adjusted operating income rate to be approximately 3.4%.”  Best Buy’s guidance for FY26 is the following:  · Revenue of $41.4 billion to $42.2 billion · Comparable sales 2 of 0.0% to 2.0% · Enterprise adjusted 1 operating income rate 3 of 4.2% to 4.4% · Adjusted 1 effective income tax rate 3 of approximately 25.0% · Adjusted 1 diluted EPS 3 of $6.20 to $6.60 · Capital expenditures of $700 million to $750 million  Note: The above FY26 guidance does not include the impact of recently implemented or proposed tariffs.  Domestic Segment Q4 FY25 Results  Domestic Revenue Domestic comparable sales increased 0.2% and revenue decreased 5.2% versus last year to $12.72 billion. The revenue decrease was primarily due to the extra week of revenue totaling approximately $675 million in Q4 FY24.  From a merchandising perspective, the largest drivers of the comparable sales increase on a weighted basis were computing, tablets and services. These drivers were partially offset by declines in the appliances, home theater and gaming categories.  Domestic online revenue of $5.02 billion increased 2.6% on a comparable basis, and as a percentage of total Domestic revenue, online revenue was 39.5% versus 38.0% last year.  Domestic Gross Profit Rate