Every material Form 8-K Best Buy filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Best Buy elected A. Dylan Jadeja, chief executive officer of Riot Games, as a director effective immediately, with the appointment dated November 26, 2025. The filing discloses no financial results or guidance, so the change concerns board composition rather than company performance.
Board elected Jadeja as a director on November 26, 2025, effective immediately
Jadeja is CEO of Riot Games and previously served as Riot's president, chief operating officer and chief financial officer
Board committee assignment to be disclosed later; he is expected to stand for election at the 2026 shareholder meeting
Best Buy reported third-quarter fiscal 2026 results with enterprise revenue of $9.67 billion and comparable sales up 2.7%, after a 2.9% decline a year earlier. GAAP diluted EPS fell to $0.66 from $1.26 because of a $171 million goodwill and intangible impairment tied to Best Buy Health, while adjusted diluted EPS rose to $1.40 from $1.26. The company raised its FY26 adjusted diluted EPS guidance to $6.25 to $6.35 from $6.15 to $6.30.
Enterprise revenue of $9,672 million in Q3 FY26 vs. $9,445 million a year earlier; comparable sales up 2.7%
GAAP diluted EPS of $0.66 vs. $1.26 last year, reflecting $192 million of Best Buy Health impairments in the quarter
Adjusted diluted EPS of $1.40 vs. $1.26 last year
FY26 guidance raised: adjusted diluted EPS to $6.25 to $6.35 (from $6.15 to $6.30) and revenue to $41.65 billion to $41.95 billion (from $41.1 billion to $41.9 billion)
Best Buy elected Meghan C. Frank, chief financial officer of lululemon athletica, as a director effective immediately, with the board decision made September 10, 2025. She will serve on the Audit Committee and the Nominating, Corporate Governance and Public Policy Committee, and is expected to stand for election at the 2026 shareholder meeting.
Board elected Meghan C. Frank as a director on September 10, 2025, effective immediately.
Frank has been CFO of lululemon athletica since November 2020 and previously served as interim co-CFO beginning April 2020.
Frank will join the Audit Committee and the Nominating, Corporate Governance and Public Policy Committee.
Frank will receive standard board compensation, as described in the 2025 proxy statement filed May 1, 2025.
Best Buy reported second-quarter revenue of $9.44 billion, up from $9.29 billion a year earlier, with comparable sales rising 1.6%. Diluted EPS fell to $0.87 from $1.34, and adjusted diluted EPS was $1.28 versus $1.34, after $114 million of restructuring charges. The company kept its FY26 adjusted diluted EPS guidance of $6.15 to $6.30, so shareholders see higher sales but lower profit in the quarter.
Revenue of $9.44 billion versus $9.29 billion a year earlier; enterprise comparable sales rose 1.6% versus a 2.3% decline
Diluted EPS of $0.87 versus $1.34; adjusted diluted EPS of $1.28 versus $1.34
Restructuring charges of $114 million in Q2 FY26, including approximately $40 million of asset impairments
FY26 adjusted diluted EPS guidance of $6.15 to $6.30 reiterated; quarterly dividend of $0.95 per share payable October 9, 2025
Best Buy said Damien Harmon, its Senior Executive Vice President, Channel & Customer Experiences & Enterprise Services, will leave the role effective July 18, 2025, to pursue other interests. The company does not plan to fill the position, and his responsibilities will move to the CEO and other members of the executive leadership team.
Damien Harmon's departure from the Senior Executive Vice President role is effective July 18, 2025.
The company does not currently intend to fill the position.
Responsibilities will be allocated to the CEO and other executive leadership team members.
Harmon will receive separation benefits under the company's ERISA plan after leaving.
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.
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
On April 18, 2025, Best Buy entered into a new $1.25 billion five-year senior unsecured revolving credit facility with U.S. Bank as administrative agent, and terminated its previous $1.25 billion facility, which was scheduled to expire in April 2028. No amounts are currently outstanding, and the new facility matures in April 2030 with terms the filing describes as substantially the same as the previous one. For shareholders, this is a refinancing that extends the facility's maturity, with borrowing costs tied to the company's senior unsecured debt rating.
Facility permits borrowings of up to $1.25 billion, terminates in April 2030, and had no amounts outstanding at filing.
Replaces the previous $1.25 billion facility dated April 12, 2023, which was terminated April 18, 2025 and was scheduled to expire in April 2028.
Term SOFR margin ranges from 0.565% to 1.015%, the ABR margin from 0.000% to 0.015%, and the facility fee from 0.060% to 0.110%, based on the senior unsecured debt rating.
Guaranteed by certain subsidiaries; includes a maximum quarterly cash flow leverage ratio covenant and customary affirmative and negative covenants.
Best Buy reported fourth-quarter fiscal 2025 comparable sales up 0.5%, but revenue fell to $13.95 billion from $14.65 billion, partly because the prior-year quarter had an extra week. GAAP diluted EPS dropped to $0.54 from $2.12 after a $475 million goodwill impairment tied to Best Buy Health, while adjusted diluted EPS was $2.58 versus $2.72. The company guided fiscal 2026 adjusted diluted EPS to $6.20 to $6.60 and raised its quarterly dividend 1% to $0.95.
Q4 FY25 enterprise comparable sales rose 0.5% and revenue was $13.95 billion, versus $14.65 billion in the 14-week Q4 FY24
GAAP diluted EPS was $0.54 versus $2.12; adjusted diluted EPS was $2.58 versus $2.72
FY26 guidance: revenue of $41.4 billion to $42.2 billion, comparable sales of 0.0% to 2.0%, adjusted diluted EPS of $6.20 to $6.60, excluding tariffs
Quarterly dividend raised 1% to $0.95 per share, payable April 15, 2025, to holders of record on March 25, 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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Best Buy filing is on SEC EDGAR ↗. 8-K briefs of other companies →