Form 8-K · Current report
Best Buy 8-K, filed Aug 27, 2026
- Filed
- CIK
- 0000764478
- Accession no.
- 0000764478-26-000037
Summary
Best Buy reported second-quarter FY27 comparable sales growth of 4.1%, diluted EPS of $1.48 (up 70%) and adjusted diluted EPS of $1.47 (up 15%), and raised its FY27 guidance to comparable sales of 1.9% to 3.0% and adjusted diluted EPS of $6.70 to $6.90. CEO Corie Barry, in her remaining months at the company, said results exceeded expectations with growth across almost all major product categories, and incoming CEO Jason Bonfig, effective November 1, 2026, credited prior investments in store expertise, vendor partnerships and fulfillment.
Key points
- Q2 FY27 enterprise revenue was $9.78 billion versus $9.44 billion a year earlier; domestic comparable sales rose 4.5% while international comparable sales fell 1.8%.
- Domestic gross profit rate rose to 24.0% from 23.4%, helped by Marketplace and Best Buy Ads growth and approximately $34 million in IEEPA tariff refunds.
- Best Buy's board authorized a regular quarterly cash dividend of $0.96 per common share, payable October 8, 2026 to holders of record as of September 17, 2026.
- The company returned $239 million to shareholders in the quarter through $203 million of dividends and $36 million of share repurchases.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On August 27, 2026, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the second quarter ended August 1, 2026. The registrant is scheduled to conduct an earnings conference call at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) today, August 27, 2026. The earnings conference call is expected to be available live on the registrant’s website at https://investors.bestbuy.com. …
An excerpt of the text as filed with the SEC, cut for length.
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