Best Buy reports comparable sales decline 2.7%
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Best Buy Co., Inc. announced results for the 13-week third quarter ended Nov. 1, 2025, as compared to the 13-week third quarter last year.
“We are pleased to report better-than-expected sales and adjusted operating income rate for the third quarter,” said Corie Barry, Best Buy CEO. “Our comparable sales grew 2.7% as we continued to drive strong results across computing, gaming and mobile phones. We delivered sales growth across both online and stores, saw continued improvements in customer experience ratings and launched our Best Buy Marketplace.”
Q3 FY26 |
Q3 FY25 |
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| Revenue ($ in millions) | ||
| Enterprise | $9,672 | $9,445 |
| Domestic segment | $8,878 | $8,697 |
| International segment | $794 | $748 |
| Enterprise comparable sales % change1 | 2.7% | (2.9)% |
| Domestic comparable sales % change1 | 2.4% | (2.8)% |
| Domestic comparable online sales % change1 | 3.5% | (1.0)% |
| International comparable sales % change1 | 6.3% | (3.7)% |
| Operating Income | ||
| GAAP operating income as a % of revenue | 2.0% | 3.7% |
| Non-GAAP operating income as a % of revenue | 4.0% | 3.7% |
| Diluted Earnings per Share (“EPS”) | ||
| GAAP diluted EPS | $0.66 | $1.26 |
| Non-GAAP diluted EPS | $1.40 | $1.26 |
“We are flexing the unique strength of our model as customers need to upgrade or replace their consumer electronics and new products and innovation are coming to market,” continued Barry. “I want to thank our employees for their dedication to providing great customer experiences and their strong execution in delivering our Q3 results, setting us up well for an exciting holiday season.”
“Today we are raising our full year forecast to reflect the strong Q3 results and our current outlook for Q4,” said Matt Bilunas, Best Buy CFO. “In Q4, we expect comparable sales growth in the range of (1.0%) to 1.0% and adjusted operating income rate in the range of 4.8% to 4.9%.”
The company’s FY26 financial guidance is as follows:
- Revenue of $41.65 billion to $41.95 billion, which compares to prior guidance of $41.1 billion to $41.9 billion
- Comparable sales1 of 0.5% to 1.2%, which compares to prior guidance of (1.0%) to 1.0%
- Adjusted operating income rate2 of approximately 4.2%, which is unchanged
- Adjusted effective income tax rate2 of approximately 25.4%, which compares to prior guidance of approximately 25.0%
- Adjusted diluted EPS2 of $6.25 to $6.35, which compares to prior guidance of $6.15 to $6.30
- Capital expenditures of approximately $700 million, which is unchanged