Best Buy Q4 Sales Fall 0.8% as EPS Tops Estimates, Guides 1% Q1 Gain
Best Buy’s Q4 same-store sales fell 0.8% versus a 0.2% expected gain, with revenue of $13.81 billion below the $13.88 billion consensus and adjusted EPS of $2.61 beating estimates of $2.46. The company forecasts 1% same-store sales growth in Q1 and full-year 2027 revenue of $41.2–42.1 billion with adjusted EPS of $6.30–6.60.
1. Q4 Financial Results
Best Buy reported a 0.8% decline in same-store sales versus an expected 0.2% gain, with total revenue of $13.81 billion trailing the $13.88 billion consensus and adjusted EPS of $2.61 beating the $2.46 estimate.
2. Outlook for Q1 and FY27
The company anticipates 1% same-store sales growth in the first quarter and projects full-year 2027 revenue between $41.2 billion and $42.1 billion, alongside adjusted EPS of $6.30 to $6.60.
3. Inventory and Cost Management
Management cited rising memory costs due to heightened demand and plans to pull in inventory, extend manufacturer forecasts and educate consumers to optimize pricing and availability; over half of customers earn above $100,000 annually.