Best Buy — Mar 3, 2026 release

“We also expect to continue to navigate a mixed macro environment.” The company’s FY27 financial guidance is as follows: • Revenue of $41.2 billion to $42.1 billion • Comparable sales % change 1 of (1.0%) to 1.0% • Adjusted operating income rate 2 of 4.3% to 4.4% • Adjusted effective income tax rate 2 of approximately 25.5% • Adjusted diluted EPS 2 of $6.30 to $6.60 • Capital expenditures of approximately $750 million Bilunas continued, "For the first quarter, we expect comparable sales growth of approximately 1% and an adjusted operating income rate of approximately 3.9%." Domestic Segment Q4 FY26 Results Domestic Revenue Domestic revenue of $12.58 billion decreased 1.1% versus last year primarily driven by a comparable sales decline of 0.8%. From a merchandising perspective, the largest drivers of the comparable sales decrease on a weighted basis were home theater and appliances. These drivers were partially offset by growth in computing and mobile phones. Domestic online revenue of $4.91 billion decreased 2.3% on a comparable basis, and as a percentage of total Domestic revenue, online revenue was 39.0% versus 39.5% last year. Domestic Gross Profit Rate Domestic gross profit rate of 20.9% was approximately flat to last year. The company's gross profit rate included growth in Best Buy Ads and Marketplace, which was largely offset by lower product margin rates. Domestic Adjusted Selling, General and Administrative Expenses (“SG&A”) Domestic adjusted SG&A expenses were $2.00 billion, or 15.9% of revenue, versus $2.03 billion, or 16.0% of revenue, last year. Adjusted SG&A decreased due to lower