Best Buy — Nov 25, 2025 release

“I want to thank our employees for their dedication to providing great customer experiences and their strong execution in delivering our Q3 results, setting us up well for an exciting holiday season.” FY26 Financial Guidance “Today we are raising our full year forecast to reflect the strong Q3 results and our current outlook for Q4,” said Matt Bilunas, Best Buy CFO. “In Q4, we expect comparable sales growth in the range of (1.0%) to 1.0% and adjusted operating income rate in the range of 4.8% to 4.9%.” The company’s FY26 financial guidance is as follows: • Revenue of $41.65 billion to $41.95 billion, which compares to prior guidance of $41.1 billion to $41.9 billion • Comparable sales 1 of 0.5% to 1.2%, which compares to prior guidance of (1.0%) to 1.0% • Adjusted operating income rate 2 of approximately 4.2%, which is unchanged • Adjusted effective income tax rate 2 of approximately 25.4%, which compares to prior guidance of approximately 25.0% • Adjusted diluted EPS 2 of $6.25 to $6.35, which compares to prior guidance of $6.15 to $6.30 • Capital expenditures of approximately $700 million, which is unchanged Domestic Segment Q3 FY26 Results Domestic Revenue Domestic revenue of $8.88 billion increased 2.1% versus last year primarily driven by comparable sales growth of 2.4%. From a merchandising perspective, the largest drivers of the comparable sales increase on a weighted basis were computing, gaming and mobile phones. These drivers were partially offset by declines in home theater and appliances. Domestic online revenue of $2.82 billion increased 3.5% on a comparable basis, and as a percentage of total Domesti