Best Buy (BBY) official guidance
Best Buy (BBY) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteBBYBEST BUY CO INCFY2027 · ends 2027-01-30
7 metrics2 raised1 new4 maintainedearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC10%maintained10% vs FY2026
Regarding Best Buy Ads, we are on track to deliver 10% growth this year on top of $900 million in collections last year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-03-04 05:01:23 UTC10%new10% vs FY2026
In fiscal 2027, we anticipate growth of approximately 10%.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-08-28 04:01:14 UTC$750Mmaintained6.5% vs FY2026
Capital expenditures of approximately $750 million.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC$750Mmaintained6.5% vs FY2026
•Capital expenditures of approximately $750 million, which is unchanged
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
2026-05-29 04:01:18 UTC$750Mmaintained6.5% vs FY2026
Now moving on to our full year fiscal 2027 financial guidance, which remains unchanged and is the following. Revenue in the range of $41.2 billion-$42.1 billion. Comparable sales of down 1% to up 1%. An adjusted operating income rate of 4.3%-4.4%. An adjusted effective income tax rate of approximately 25.5%. Adjusted diluted earnings per share of $6.30-$6.60. Capital expenditures of approximately $750 million.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 11:01:39 UTC$750Mmaintained6.5% vs FY2026
•Capital expenditures of approximately $750 million
BBY · EX-99.1 · Q1 FY2027
2026-05-28 11:00:49 UTCOpen source
2026-03-04 05:01:23 UTC$750Mmaintained
Capital expenditures of approximately $750 million.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-03-03 12:02:19 UTC$750Mnew
•Capital expenditures of approximately $750 million
BBY · EX-99 · Q4 FY2026
2026-03-03 12:01:36 UTCOpen source
2026-08-28 04:01:14 UTC9Mnew
We have already seen an uptick in membership sign-ups and expect to grow from just over 8 million paid members in February to approximately 9 million by the end of the year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-28 04:01:14 UTC25.5%maintained
An adjusted effective income tax rate of approximately 25.5%.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC25.5%maintained
•Adjusted effective income tax rate2 of approximately 25.5%, which is unchanged
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
2026-05-29 04:01:18 UTC25.5%maintained
Now moving on to our full year fiscal 2027 financial guidance, which remains unchanged and is the following. Revenue in the range of $41.2 billion-$42.1 billion. Comparable sales of down 1% to up 1%. An adjusted operating income rate of 4.3%-4.4%. An adjusted effective income tax rate of approximately 25.5%.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 11:01:39 UTC25.5%maintained
•Adjusted effective income tax rate2 of approximately 25.5%
BBY · EX-99.1 · Q1 FY2027
2026-05-28 11:00:49 UTCOpen source
2026-03-04 05:01:23 UTC25.5%maintained
An adjusted effective income tax rate of approximately 25.5%.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-03-03 12:02:19 UTC25.5%new
•Adjusted effective income tax rate2 of approximately 25.5%
BBY · EX-99 · Q4 FY2026
2026-03-03 12:01:36 UTCOpen source
2026-08-28 04:01:14 UTC$6.7 – $6.9maintained
Adjusted diluted earnings per share of $6.70-$6.90.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC$6.7 – $6.9raised +5.4%
•Adjusted diluted EPS2 of $6.70 to $6.90, compared to prior guidance of $6.30 to $6.60
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
2026-05-29 04:01:18 UTC$6.3 – $6.6maintained
Now moving on to our full year fiscal 2027 financial guidance, which remains unchanged and is the following. Revenue in the range of $41.2 billion-$42.1 billion. Comparable sales of down 1% to up 1%. An adjusted operating income rate of 4.3%-4.4%. An adjusted effective income tax rate of approximately 25.5%. Adjusted diluted earnings per share of $6.30-$6.60.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 11:01:39 UTC$6.3 – $6.6maintained
•Adjusted diluted EPS2 of $6.30 to $6.60
BBY · EX-99.1 · Q1 FY2027
2026-05-28 11:00:49 UTCOpen source
2026-03-04 05:01:23 UTC$6.3 – $6.6maintained
Adjusted diluted earnings per share of $6.30 to $6.60.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-03-03 12:02:19 UTC$6.3 – $6.6new
•Adjusted diluted EPS2 of $6.30 to $6.60
BBY · EX-99 · Q4 FY2026
2026-03-03 12:01:36 UTCOpen source
2026-08-28 04:01:14 UTC30 bps – 40 bpsraised +16.7%30 bps – 40 bps vs FY2026
We expect our annual gross profit rate to improve by approximately 30-40 basis points compared to last year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-05-29 04:01:18 UTC30 bpsmaintained30 bps vs FY2026
We expect our gross profit rate to improve by approximately 30 basis points, driven by growth from Best Buy Ads in our U.S. Marketplace.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-03-04 05:01:23 UTC30 bpsnew30 bps vs FY2026
We expect our gross profit rate to improve by approximately 30 basis points compared to the prior year due to growth from Best Buy Ads in our US Marketplace.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-08-28 04:01:14 UTC$130Mraised +333.3%
The high end of our guidance assumes incentive compensation increases by approximately $70 million in the back half of the year, and $130 million for the full year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-05-29 04:01:18 UTC$30Mmaintained
We expect higher incentive compensation of $30 million at the high end of our guide.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-03-04 05:01:23 UTC$30Mnew
We expect higher incentive compensation as we reset our performance targets for the next year, with the high end of our guidance assuming an increase of $30 million compared to fiscal 2026.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
BBYBEST BUY CO INCH4 FY2027 · ends 2027-01-30
1 metric1 newearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC$70Mnew
The high end of our guidance assumes incentive compensation increases by approximately $70 million in the back half of the year, and $130 million for the full year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
BBYBEST BUY CO INCFY2027 · ends 2027-01-30
3 metrics1 new1 maintainedearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC$1.3B
We now expect our marketplace to reach $1.3 billion GMV for the full year, driven by a stronger than anticipated performance.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-05-29 04:01:18 UTCat least $1.2Bnew
We expect the U.S. Marketplace GMV to be at least $1.2 billion for the year.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-08-28 04:01:14 UTC20 bpsnew20 bps vs FY2026
As a percentage of revenue, our annual adjusted SG&A is planned to increase by approximately 20 basis points compared to last year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-28 04:01:14 UTC4.4% – 4.5%maintained
An adjusted operating income rate of 4.4%-4.5%.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC4.4% – 4.5%raised +2.3%
•Adjusted operating income rate2 of 4.4% to 4.5%, compared to prior guidance of 4.3% to 4.4%
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
2026-05-29 04:01:18 UTC4.3% – 4.4%maintained
Now moving on to our full year fiscal 2027 financial guidance, which remains unchanged and is the following. Revenue in the range of $41.2 billion-$42.1 billion. Comparable sales of down 1% to up 1%. An adjusted operating income rate of 4.3%-4.4%.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 11:01:39 UTC4.3% – 4.4%maintained
•Adjusted operating income rate2 of 4.3% to 4.4%
BBY · EX-99.1 · Q1 FY2027
2026-05-28 11:00:49 UTCOpen source
2026-03-04 05:01:23 UTC4.3% – 4.4%maintained
An adjusted operating income rate of approximately 4.3%-4.4%.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-03-03 12:02:19 UTC4.3% – 4.4%new
•Adjusted operating income rate2 of 4.3% to 4.4%
BBY · EX-99 · Q4 FY2026
2026-03-03 12:01:36 UTCOpen source
BBYBEST BUY CO INCQ3 FY2027 · ends 2026-10-31
1 metric1 maintainedearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC4.1% – 4.2%maintained
Our third quarter adjusted operating income rate is planned at approximately 4.1%-4.2%, which is 10-20 basis points higher than last year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC4.1% – 4.2%new
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%.
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
BBYBEST BUY CO INCFY2027 · ends 2027-01-30
1 metric1 maintainedearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC1.9% – 3%maintained1.9% – 3% vs FY2026
Comparable sales growth of 1.9%-3%.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC1.9% – 3%raised1.9% – 3% vs FY2026
•Comparable sales % change1 of 1.9% to 3.0%, compared to prior guidance of (1.0%) to 1.0%
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
2026-05-29 04:01:18 UTC-1% – 1%maintained-1% – 1% vs FY2026
Now moving on to our full year fiscal 2027 financial guidance, which remains unchanged and is the following. Revenue in the range of $41.2 billion-$42.1 billion. Comparable sales of down 1% to up 1%.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 11:01:39 UTC-1% – 1%maintained-1% – 1% vs FY2026
•Comparable sales % change1 of (1.0%) to 1.0%
BBY · EX-99.1 · Q1 FY2027
2026-05-28 11:00:49 UTCOpen source
2026-03-04 05:01:23 UTC-1% – 1%maintained-1% – 1% vs FY2026
Revenue in the range of $41.2 billion-$42.1 billion, comparable sales of -1% to +1%.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-03-03 12:02:19 UTC-1% – 1%new-1% – 1% vs FY2026
•Comparable sales % change1 of (1.0%) to 1.0%
BBY · EX-99 · Q4 FY2026
2026-03-03 12:01:36 UTCOpen source
BBYBEST BUY CO INCH4 FY2027 · ends 2027-01-30
1 metric1 newearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC1% – 3%new1% – 3% vs Q4 FY2026
On the top line, we now expect enterprise comparable sales growth of 1%-3% for the second half of the year.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
BBYBEST BUY CO INCQ3 FY2027 · ends 2026-10-31
1 metric1 maintainedearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC1% – 3%maintained1% – 3% vs Q3 FY2026
We expect enterprise comparable sales growth of 1%-3%, and we have started the quarter with August month-to-date comparable sales growth at the high end of this range.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC1% – 3%new1% – 3% vs Q3 FY2026
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%.
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
BBYBEST BUY CO INCFY2027 · ends 2027-01-30
5 metrics2 new2 maintainedearnings call · 2026-08-28 04:01:14 UTC
2026-08-28 04:01:14 UTC$42.3B – $42.8Bmaintained1.5% – 2.7% vs FY2026
Revenue in the range of $42.3 billion-$42.8 billion.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC$42.3B – $42.8Braised +2.2%1.5% – 2.7% vs FY2026
•Revenue of $42.3 billion to $42.8 billion, compared to prior guidance of $41.2 billion to $42.1 billion
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
2026-05-29 04:01:18 UTC$41.2B – $42.1Bmaintained-1.2% – 1% vs FY2026
Now moving on to our full year fiscal 2027 financial guidance, which remains unchanged and is the following. Revenue in the range of $41.2 billion-$42.1 billion.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 11:01:39 UTC$41.2B – $42.1Bmaintained-1.2% – 1% vs FY2026
•Revenue of $41.2 billion to $42.1 billion
BBY · EX-99.1 · Q1 FY2027
2026-05-28 11:00:49 UTCOpen source
2026-03-04 05:01:23 UTC$41.2B – $42.1Bmaintained
Revenue in the range of $41.2 billion-$42.1 billion, comparable sales of -1% to +1%.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-03-03 12:02:19 UTC$41.2B – $42.1Bnew
•Revenue of $41.2 billion to $42.1 billion
BBY · EX-99 · Q4 FY2026
2026-03-03 12:01:36 UTCOpen source
2026-08-28 04:01:14 UTCincrease at the high end of our revenue guidance with minimal impacts from a rate perspective
Store payroll and other variable expenses are expected to increase at the high end of our revenue guidance with minimal impacts from a rate perspective.
BBY · transcript · Q2 FY2027
2026-08-28 04:00:00 UTCOpen source
2026-05-29 04:01:18 UTCare expected to increase the high end of our revenue guidance with minimal impacts from a rate perspectivenew
Store payroll expenses are expected to increase the high end of our revenue guidance with minimal impacts from a rate perspective.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-08-27 11:01:48 UTC$300Mmaintained9.9% vs FY2026
The company expects to spend approximately $300 million on share repurchases during FY27.
BBY · EX-99 · Q2 FY2027
2026-08-27 11:00:56 UTCOpen source
2026-05-29 04:01:18 UTC$300Mmaintained9.9% vs FY2026
Lastly, we expect to spend approximately $300 million on share repurchases.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 11:01:39 UTC$300Mmaintained9.9% vs FY2026
The company still expects to spend approximately $300 million on share repurchases during FY27.
BBY · EX-99.1 · Q1 FY2027
2026-05-28 11:00:49 UTCOpen source
2026-03-04 05:01:23 UTC$300Mmaintained
Lastly, we expect to spend approximately $300 million on share repurchases.
BBY · transcript · Q4 FY2026
2026-03-04 05:00:00 UTCOpen source
2026-03-03 12:02:19 UTC$300Mnew
The company expects to spend approximately $300 million on share repurchases during FY27.
BBY · EX-99 · Q4 FY2026
2026-03-03 12:01:36 UTCOpen source
2026-05-29 04:01:18 UTC$1Bnew
As we mentioned last quarter, we expect ad collections to grow 10% to nearly $1 billion.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-29 04:01:18 UTCneutral to our gross profit rate this year versus last yearnew
We continue to expect our traditional services and membership offerings will be neutral to our gross profit rate this year versus last year.
BBY · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source