Best Buy Q4 Revenue Misses at $13.81B, EPS Tops; Guides 2027 Revenue $41.2B-$42.1B
Best Buy’s Q4 same-store sales dropped 0.8% versus a 0.2% gain forecast, with revenue of $13.81 billion missing consensus and adjusted EPS of $2.61 surpassing estimates. For fiscal 2026, revenue reached $41.69 billion and management guided fiscal 2027 revenue of $41.2–42.1 billion, same-store sales between -1% and +1%, and EPS of $6.30–6.60.
1. Q4 Operating Results
Best Buy reported a 0.8% decline in same-store sales for the holiday quarter, missing a 0.2% growth projection. Revenue totaled $13.81 billion versus $13.88 billion expected, while adjusted EPS of $2.61 topped the $2.46 consensus. Computing and mobile sales grew 5.4% year over year.
2. Fiscal 2026 Full-Year Metrics
Full-year revenue was $41.69 billion, slightly below the $41.76 billion forecast, and adjusted EPS came in at $6.43 versus $6.31 expected. Same-store sales rose 0.5%, underperforming the 0.9% target. Over half of holiday shoppers earned more than $100,000 annually, and management anticipates a 1% same-store sales gain in Q1.
3. 2027 Guidance and Cost Management
For fiscal 2027, Best Buy projects revenue of $41.2–42.1 billion, same-store sales ranging from a 1% decline to a 1% gain, and adjusted EPS of $6.30–6.60. The company is addressing rising memory costs by increasing inventory forecasts, collaborating closely with suppliers, optimizing pricing strategies, and educating customers on product availability.