Best Buy — May 29, 2025 release

As you can imagine, and based on our history, we will continue to scenario-plan and adjust with agility as the situation evolves.”              Bilunas continued, “For Q2 FY26, we expect comparable sales to be slightly down to last year and our adjusted operating income rate to be approximately 3. 6 %.”  FY26 Financial Guidance  Best Buy’s updated Enterprise guidance for FY26 is the following:  · Revenue of $41.1 billion to $41.9 billion, which compares to prior guidance of $41.4 billion to $42.2 billion · Comparable sales 1 of (1.0%) to 1.0%, which compares to prior guidance of 0.0% to 2.0% · Adjusted operating income rate 2 of approximately 4.2%, which compares to prior guidance of 4.2% to 4.4% · Adjusted effective income tax rate 2 of approximately 25.0%, which remains unchanged · Adjusted diluted EPS 2 of $6.15 to $6.30, which compares to prior guidance of $6.20 to $6.60 · Capital expenditures of approximately $700 million, which compares to prior guidance of $700 million to $750 million  Domestic Segment Q1 FY26 Results  Domestic Revenue Domestic revenue of $8.13 billion decreased 0.9% versus last year primarily driven by a comparable sales decline of 0.7%.  From a merchandising perspective, the largest drivers of the comparable sales decline on a weighted basis were home theater, appliances and drones. These dr