Best Buy — Nov 25, 2025 release

“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 Domestic revenue, online revenue was 31.8% versus 31.4% last year. Domestic Gross Profit Rate Domestic gross profit rate was 23.3% versus 23.6% last year. The lower gross profit rate was primarily due to lower product margin rates, which were partially offset by rate improveme