Скачать или смотреть Best Buy Co., Inc. (NYSE: BBY) Q1 2026 Earnings Call | 5/29/2025

Best Buy Co., Inc. (NYSE: BBY) reported its Q1 2026 results on May 29, 2025, delivering adjusted earnings per share of $1.15—beating analyst expectations of $1.09—despite a 0.9% year-over-year revenue decline to $8.77 billion, just below consensus estimates. Net income for the quarter fell 17.9% to $202 million, reflecting softer demand in categories like home theater, appliances, and drones, partially offset by growth in computing and tablets. Comparable sales decreased 0.7%, while domestic online sales grew 2.1%, marking the second consecutive quarter of digital gains.

Gross margin expanded by 10 basis points to 23.4%, and adjusted operating margin held steady at 3.8%. The company continued to invest in its omnichannel strategy, with online sales now representing a larger share of total revenue, and highlighted initiatives such as the Best Buy Marketplace and Best Buy Ads to drive new profit streams and operational efficiency. However, ongoing tariff pressures—particularly on China-sourced goods—prompted management to lower full-year guidance: Best Buy now expects FY26 adjusted EPS of $6.15–$6.30 (down from $6.20–$6.60) and revenue of $41.1–$41.9 billion.

Looking ahead, Best Buy remains focused on mitigating tariff impacts through supply chain flexibility, cost negotiations, and assortment adjustments, while scaling digital and marketplace offerings. Management reaffirmed its commitment to operational discipline, capital returns, and customer experience amid continued macroeconomic uncertainty.

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