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 improvement within the services category. Domestic Adjusted Selling, General and Administrative Expenses (“SG&A”) Domestic adjusted SG&A expenses were $1.71 billion, or 19.2% of revenue, versus $1.71