Best Buy cuts FY26 adjusted EPS guidance as Q1 earnings and sales decline
Best Buy reported first-quarter fiscal 2026 revenue of $8.77 billion, down from $8.85 billion a year earlier, with comparable sales down 0.7%. Diluted EPS fell to $0.95 from $1.13, and adjusted diluted EPS fell to $1.15 from $1.20, after $109 million of restructuring charges tied to its Best Buy Health business. The company also lowered its full-year fiscal 2026 adjusted diluted EPS guidance to $6.15 to $6.30 from $6.20 to $6.60, citing tariffs, which weighs on shareholder returns.
Key points
- Q1 revenue was $8.77 billion versus $8.85 billion; enterprise comparable sales fell 0.7%
- Diluted EPS was $0.95 versus $1.13; adjusted diluted EPS was $1.15 versus $1.20
- FY26 revenue guidance cut to $41.1 billion to $41.9 billion from $41.4 billion to $42.2 billion
- Board declared a quarterly dividend of $0.95 per share, payable July 10, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 7:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.