Best Buy Co Inc

Latest Results (11.11.2025):

Best Buy Co Inc reported its financial results for Q1 FY26, ending May 3, 2025, showing modest revenue performance and evolving earnings dynamics. The company experienced a slight decline in overall comparable sales by 0.7% while delivering a GAAP diluted EPS of $0.95 and an adjusted diluted EPS of $1.15. The report highlighted mixed segment performance, strategic realignment with restructuring charges, updated fiscal guidance including EPS and revenue targets, and continued shareholder returns via dividends and share repurchases.

Earnings Performance

For Q1 FY26, Best Buy Co Inc achieved a GAAP diluted EPS of $0.95 and a non-GAAP diluted EPS of $1.15, reflecting adjustments within its operating framework amid challenging market conditions.

Comparable Sales & Revenue

The company's total comparable sales declined by 0.7% compared to Q1 FY25, with domestic and international segments both evidencing slight downturns. Domestic online sales, however, grew by 2.1%, partially offsetting overall sales headwinds.

Segment Breakdown

Segment details showed Enterprise revenue at $8,767 million, Domestic revenue at $8,127 million, and International revenue at $640 million. The Domestic segment's performance was driven by weaknesses in home theater, appliances, and drones, against gains in computing and mobile categories, while international figures were impacted by foreign currency effects and supply chain costs.

Operational and Tax Highlights

GAAP operating income margin declined to 2.5% from 3.5% last year, although the non-GAAP margin held constant at 3.8%. Restructuring charges totaling $109 million, largely due to adjustments in the Best Buy Health business, contributed to a significant reduction in the effective tax rate.

Guidance & Shareholder Returns

Looking ahead, Best Buy Co Inc updated FY26 financial guidance with adjusted diluted EPS expected between $6.15 and $6.30, and maintained expectations for revenue and comparable sales within a tight range. The company also returned $302 million to shareholders in Q1 FY26 through dividends and share repurchases and has authorized a $0.95 quarterly dividend.