Best Buy — Aug 27, 2026 release

“I want to extend my appreciation to our employees across the company for their commitment to our customers and for the strong execution of our strategy.” FY27 Financial Guidance The company’s FY27 financial guidance is as follows: • Revenue of $42.3 billion to $42.8 billion, compared to prior guidance of $41.2 billion to $42.1 billion • Comparable sales % change 1 of 1.9% to 3.0%, compared to prior guidance of (1.0%) to 1.0% • Adjusted operating income rate 2 of 4.4% to 4.5%, compared to prior guidance of 4.3% to 4.4% • Adjusted effective income tax rate 2 of approximately 25.5%, which is unchanged • Adjusted diluted EPS 2 of $6.70 to $6.90, compared to prior guidance of $6.30 to $6.60 • Capital expenditures of approximately $750 million, which is unchanged The company expects Q3 FY27 comparable sales to be in the range of 1.0% to 3.0% and adjusted operating income rate to be in the range of 4.1% to 4.2%. Domestic Segment Q2 FY27 Results Domestic Revenue Domestic revenue of $9.07 billion increased 4.3% versus last year, primarily driven by comparable sales growth of 4.5%. From a category perspective, the company generated comparable sales growth across most of its categories, with the largest drivers on a weighted basis being computing, home theater, and a collection of emerging categories such as AI glasses and trading cards. These drivers were partially offset by a decline in the traditional gaming category. Domestic online revenue of $3.00 billion increased 5.1% on a comparable basis, and as a percentage of total Domestic revenue, online revenue was 33.1% versus 32.8% last year. Domestic Gross Profit Rate Domestic gross profit rate was 24.0% versus 23.4% last year. The higher gross profit rate was primarily driven by growth in Marketplace and Best Buy