Best Buy Q1 Revenue $8.94bn, Declares $0.96 Dividend, Maintains FY27 Guidance
BBY•Best Buy posted Q1 FY27 revenue of $8.94bn, operating income of $370m and diluted EPS of $1.31, up year-on-year, and declared a $0.96 quarterly dividend. It reiterated FY27 guidance for $41.2bn-$42.1bn revenue, a 4.3%-4.4% adjusted operating margin and $6.30-$6.60 adjusted EPS.
1. Q1 FY27 Financial Results
Best Buy posted Q1 FY27 enterprise revenue of $8.94bn, up from $8.76bn a year earlier, with gross profit of $2.1bn, operating income of $370m and net earnings of $276m, driving diluted EPS of $1.31 versus $0.95.
2. FY27 Guidance Reaffirmation
The company maintained its FY27 revenue guidance at $41.2bn-$42.1bn, comparable sales between a 1% decline and 1% growth, an adjusted operating income rate of 4.3%-4.4%, and adjusted EPS of $6.30-$6.60, while forecasting $750m in capital expenditures.
3. Segment and Regional Performance
Domestic revenue rose 1.5% to $8.25bn, supported by 1.8% comparable sales growth led by gaming, computing, mobile phones and services; online sales held at 31.7% of domestic revenue with $2.62bn; international revenue grew 7.3% to $687m.
4. Shareholder Returns and Dividend
During the quarter, Best Buy returned $202m to shareholders via dividends and expects $300m in share repurchases for FY27; it also announced a quarterly cash dividend of $0.96 per share.
