Best Buy reports second-quarter sales up 1.6%
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Best Buy Co., Inc. announced results for the 13-week second quarter ended Aug. 2, 2025, as compared to the 13-week second quarter ended Aug. 3, 2024. Comparable sales were up 1.6%.
Q2 FY26 |
Q2 FY25 |
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| Revenue ($ in millions) | ||
| Enterprise | $9,438 | $9,288 |
| Domestic segment | $8,698 | $8,623 |
| International segment | $740 | $665 |
| Enterprise comparable sales % change1 | 1.6% | (2.3)% |
| Domestic comparable sales % change1 | 1.1% | (2.3)% |
| Domestic comparable online sales % change1 | 5.1% | (1.6)% |
| International comparable sales % change1 | 7.6% | (1.8)% |
| Operating Income | ||
| Operating income as a % of revenue | 2.7% | 4.1% |
| Adjusted operating income as a % of revenue | 3.9% | 4.1% |
| Diluted Earnings per Share (“EPS”) | ||
| Diluted EPS | $0.87 | $1.34 |
| Adjusted diluted EPS | $1.28 | $1.34 |
For GAAP to non-GAAP reconciliations of the consolidated adjusted measures used throughout this release, please refer to the attached supporting schedule.
“We delivered comparable sales growth of 1.6% in the second quarter, our highest growth in three years,” said Corie Barry, Best Buy CEO. “This better-than-expected sales growth was driven by a mix of new technology innovation, our relentless focus on a seamless omni-channel customer experience and our strong vendor partnerships.”
“We have a busy and exciting second half of the year ahead of us with more tech innovation, new store experiences, and, of course, our newly launched Best Buy Marketplace,” continued Barry. “Our sales growth momentum has continued into August driven by strong customer response to our back-to-school sales events. I want to thank all our teams for their enthusiasm for technology, customer service passion and determined execution.”
“The sales growth resulted in a better-than-expected Q2 adjusted operating income rate,” said Matt Bilunas, Best Buy CFO. “Our SG&A expense was as expected, and we saw some gross profit rate mix pressure from the strong growth in gaming and computing.”
“For Q3, we expect comparable sales growth to be similar to what we just delivered in Q2 and the adjusted operating income rate to be similar to last year’s Q3 3.7% rate,” continued Bilunas. “We feel good about our Q2 results and increasingly confident about our plans for the back half of the year. Given the uncertainty of potential tariff impacts in the back half, both on consumers overall as well as our business, we feel it is prudent to maintain the annual guidance we provided last quarter. At this point, we do believe we are trending toward the higher end of our sales range.”
