Best Buy’s Q4 Sales Slip 0.8% as EPS Tops Estimates; Guides 2027 Revenue to $41.2-42.1B
Best Buy’s Q4 same-store sales fell 0.8% year-over-year, missing the 0.2% increase analysts forecast, while revenue reached $13.81 billion versus the $13.88 billion expected. The company reported adjusted EPS of $2.61 (ahead of $2.46 est.) and guided fiscal 2027 revenue to $41.2-42.1 billion with EPS of $6.30-6.60.
1. Q4 Performance and Earnings Beat
Best Buy reported a 0.8% decline in comparable-store sales for Q4, missing the 0.2% increase consensus, with total revenue of $13.81 billion versus $13.88 billion expected. Adjusted EPS came in at $2.61, topping the $2.46 projection and driving an early stock uptick despite the sales shortfall.
2. Full-Year Results Slightly Below Estimates
For fiscal 2025, Best Buy logged revenue of $41.69 billion, just under the $41.76 billion forecast, while adjusted EPS reached $6.43, exceeding the $6.31 estimate. Annual same-store sales rose 0.5%, short of the 0.9% target, reflecting subdued customer spending trends.
3. Fiscal 2027 Guidance Outlook
Management projects fiscal 2027 revenue between $41.2 billion and $42.1 billion, with same-store sales expected to fluctuate between a 1% decline and 1% increase. Adjusted EPS guidance spans $6.30 to $6.60, indicating conservative growth amid a mixed consumer environment.
4. Cost Pressures and Category Trends
Best Buy is monitoring rising memory costs driven by heightened demand, working to manage inventory forecasts and price points. The company highlighted 5.4% momentum in computing and mobile phone segments during Q4, which it expects to carry into 2026.