Best Buy — May 28, 2026 release

We expect our Q2 adjusted operating income rate to be approximately 3.9%, which is flat to last year.” The company is reiterating the following full-year FY27 financial guidance provided on March 3, 2026: • 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 Domestic Segment Q1 FY27 Results Domestic Revenue Domestic revenue of $8.25 billion increased 1.5% versus last year, primarily driven by comparable sales growth of 1.8%. From a category perspective, the largest drivers of the comparable sales growth on a weighted basis were gaming, computing, mobile phones and services. These drivers were partially offset by a decline in appliances. Domestic online revenue of $2.62 billion increased 1.4% on a comparable basis, and as a percentage of total Domestic revenue, online revenue was flat to last year at 31.7%. Domestic Gross Profit Rate Domestic gross profit rate was 23.7% versus 23.5% last year. The higher gross profit rate included growth in Marketplace and Best Buy Ads, and improved financial performance from the company's traditional services offerings. The previous items were largely offset by lower product margin rates. Domestic Adjusted Selling, General and Administrative Expenses (“SG&A”) Domestic adjusted SG&A was $1.60 billion, or 19.3% of revenue, versus $1.58 billion, or 19.4% of revenue, last year. Adjusted SG&A increased primarily