Best Buy Q4 Net Income Jumps to $541M, FY27 EPS Guided $6.30–6.60
Best Buy’s Q4 net income soared to $541 million ($2.56 EPS) from $117 million ($0.54 EPS) a year earlier on $13.81 billion revenue and a 0.8% comparable sales decline. It forecast FY27 adjusted EPS of $6.30–6.60 on $41.2–42.1 billion revenue, raised its quarterly dividend 1% to $0.96 and authorized $300 million in share repurchases.
1. Fourth Quarter Results
Best Buy reported Q4 net earnings of $541 million, or $2.56 per share, up from $117 million, or $0.54 per share a year ago. Revenue dipped to $13.81 billion and comparable sales fell 0.8%, while adjusted EPS marginally rose to $2.61 from $2.58.
2. Fiscal 2027 Outlook
Management projected adjusted earnings of $6.30 to $6.60 per share on revenues of $41.2–42.1 billion. Comparable sales are expected to range from a 1.0% decline to a 1.0% increase and adjusted operating income rate around 3.9%.
3. Dividend and Buybacks
The board approved a 1% increase in the quarterly dividend to $0.96 per share, payable April 14, with record date March 24. Best Buy plans to repurchase approximately $300 million of stock during fiscal 2027 as part of its capital allocation strategy.