Best Buy Q4 Same-Store Sales Drop 0.8% With EPS Surprise and 2027 Guidance
Best Buy’s fourth-quarter same-store sales fell 0.8% as revenue reached $13.81 billion versus the $13.88 billion expectation, while adjusted EPS of $2.61 topped the $2.46 forecast. The retailer forecasts 1% same-store sales growth in Q1 and projects fiscal 2027 revenue of $41.2 billion–$42.1 billion with EPS of $6.30–$6.60.
1. Q4 Performance Highlights
Best Buy reported a 0.8% decline in fourth-quarter same-store sales and $13.81 billion in revenue, missing the $13.88 billion projection. The slump ended two consecutive quarters of positive growth as consumers remained deal-focused.
2. Adjusted EPS Beat
Adjusted earnings per share rose to $2.61, topping the $2.46 consensus, driven by strong margin management and cost controls despite the sales decline.
3. Guidance for 2026 and 2027
Best Buy forecasts 1% same-store sales growth in the first quarter of fiscal 2026 and projects fiscal 2027 revenue between $41.2 billion and $42.1 billion with adjusted EPS of $6.30–$6.60.
4. Inventory Strategy and Cost Challenges
Management highlighted rising memory costs and implemented inventory pull-ins and longer manufacturer forecasts to secure supply, while educating consumers on pricing and availability.