Best Buy Q1 adjusted EPS $1.15; cuts FY26 guidance due to tariffs; comp sales -0.7%

BEST BUY CO INC

2026-Q1 EPS reported $0.95 vs consensus $2.49 ▼ miss (-61.9%)

Enterprise revenue $8.77B (down 0.9% YoY); comparable sales -0.7% (vs -6.1% prior year).
GAAP diluted EPS $0.95; adjusted diluted EPS $1.15 (vs $1.20 prior year).
FY26 adjusted EPS guidance cut to $6.15-$6.30 from $6.20-$6.60; comp sales -1% to +1%.
Q2 guidance: comparable sales slightly down; adjusted operating income rate ~3.6%.
Quarterly dividend $0.95/share declared; $100M share repurchases in Q1.

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