Citable filing context
BBY's research view summarizes recent SEC filing context, starting with earnings from Aug 27, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 27, 2026 | earnings | Best Buy reported Q2 FY27 revenue of $9.78 billion and diluted EPS of $1.48, raising its annual guidance. |
| Aug 3, 2026 | management_change | Best Buy appointed Anne Bramman as CFO, effective August 19, 2026, succeeding interim CFO Corie Barry. |
| Jun 22, 2026 | management_change | Matt Bilunas will step down as Senior Executive VP, CFO, and Enterprise Strategy effective July 31, 2026. |
| Aug 27, 2026 | Guidance: adjusted_diluted_eps | 6.70 to 6.90 |
| Aug 27, 2026 | Guidance: adjusted_operating_income_rate | 4.40 to 4.50 |
| Aug 27, 2026 | Guidance: adjusted_operating_income_rate | 4.10 to 4.20 |
| Sep 4, 2026 | mda_quarterly | In the second quarter of fiscal 2027, Best Buy grew enterprise revenue 3.6% year over year to $9.78 billion, supported by comparable sales growth of 4.1%. Top-line performance was led by the Domestic segment, where comparable sales rose 4.5% behind strength in computing, home theater, AI glasses, and trading cards, alongside expanding contributions from Best Buy Marketplace and Best Buy Ads. These gains were partially offset by category declines in traditional gaming and large appliances. In the International segment, comparable sales contracted 1.8% due to gaming weakness and foreign currency headwinds. Gross margin expanded 70 basis points to 23.9%, aided by marketplace expansion, retail media growth, and $34 million of refunded International Emergency Economic Powers Act tariffs, with an additional $41 million refund slated for the third quarter. Quarterly operating income reached $421 million with a 4.3% operating margin, lifting diluted earnings per share to $1.48 from $0.87 in the prior-year period. Six-month operating cash flow rose to $1.30 billion, easily funding $344 million in capital expenditures, $405 million in dividend distributions, and $37 million in share repurchases. Best Buy closed the quarter with $2.26 billion in cash and full borrowing availability under its $1.25 billion credit facility. |
| Jun 5, 2026 | mda_quarterly | Best Buy reported first-quarter fiscal 2027 revenue of $8.9 billion, with comparable sales increasing 2.0%. Growth was primarily driven by strong performance in gaming, computing, and mobile phones, though these gains were partially offset by a 13.6% comparable sales decline in Domestic major appliances. The Domestic segment generated $8.2 billion in revenue, highlighted by a 38.1% surge in gaming comparable sales and a 5.5% increase in services, bolstered by Best Buy Marketplace and credit card revenue. International revenue in Canada rose to $687 million, with comparable sales growth of 4.7%. Operating income increased to $370 million, largely due to a reduction in restructuring charges. Strategic initiatives include a labor and store optimization program and the exit of a component of the Best Buy Health business to maximize value and reduce exposure to China tariffs. The company maintains a strong liquidity position with $1.7 billion in cash and cash equivalents and continues to return value via dividends, despite pausing share repurchases this quarter. Financial analysts should note the ongoing monitoring of IEEPA tariff refunds and the impact of macroeconomic pressures on consumer electronics demand. |
Source: SEC EDGAR filing text and events; period Aug 27, 2026; filed Aug 27, 2026.
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