BEST BUY CO INC 8K

Best Buy reported stronger-than-expected Q2 FY27 results with higher comparable sales and EPS, raised its full-year FY27 guidance, confirmed its planned CEO transition effective November 1, 2026, and declared a regular quarterly cash dividend.

On August 27, 2026, Best Buy Co., Inc. reported its second quarter FY27 results, highlighting enterprise revenue of $9.8 billion with 4.1% comparable sales growth, a 70% increase in GAAP diluted EPS to $1.48 and a 15% increase in adjusted diluted EPS to $1.47 versus the prior-year quarter, driven largely by strong domestic comparable sales (4.5%), growth in computing, home theater, and emerging categories, improved gross margins from Marketplace, Best Buy Ads, and tariff refunds, and reduced restructuring charges. The company also raised its full-year FY27 guidance, increasing expected revenue to $42.3–$42.8 billion, comparable sales growth to 1.9%–3.0%, and adjusted diluted EPS to $6.70–$6.90, while reiterating capital expenditure and tax-rate expectations. Additionally, Best Buy disclosed ongoing leadership transition plans with Jason Bonfig, currently Chief Customer, Product and Fulfillment Officer, set to become CEO effective November 1, 2026, and announced that its board authorized a regular quarterly dividend of $0.96 per share payable October 8, 2026, to shareholders of record on September 17, 2026, alongside continued capital returns through share repurchases and dividends.

Filing Facts

CIK

764478

Ticker

BBY

Form

8K

Source Type

sec

Accession

0000764478-26-000037

Alert Tier

7