Best Buy Jumps 8% After Q4 EPS Beat and Fiscal 2027 Guidance
Best Buy's Q4 same-store sales fell 0.8% versus the 0.2% gain expected, with revenue of $13.81 billion below the $13.88 billion forecast and adjusted EPS of $2.61 topping estimates by $0.15. The company sees Q1 same-store sales rising 1% and fiscal 2027 revenue of $41.2–$42.1 billion with EPS of $6.30–$6.60.
1. Q4 Performance
Best Buy reported a 0.8% decline in fourth-quarter same-store sales versus the 0.2% increase analysts projected. Revenue reached $13.81 billion, missing the $13.88 billion consensus, while adjusted EPS of $2.61 outpaced estimates by $0.15, triggering an 8% jump in early trading.
2. Fiscal 2027 Guidance
For fiscal 2027 the retailer forecasts revenue between $41.2 billion and $42.1 billion, with adjusted EPS of $6.30 to $6.60. Management also expects first-quarter same-store sales to grow 1%, aiming to return to positive comp results after the holiday slump.
3. Cost and Inventory Strategy
Facing rising memory costs, Best Buy is pulling in inventory and extending forecast horizons for suppliers to manage pricing and availability. The company highlighted continued momentum in computing and mobile categories, which grew 5.4% in Q4, as key drivers into 2026.