earnings
confidence high
sentiment positive
materiality 0.75
Best Buy Q2 comp sales +1.6%, first growth in 3 years; adj EPS $1.28 beats estimates
BEST BUY CO INC
2026-Q2 EPS reported
$1.82
revenue$18,205,000,000
- Q2 revenue $9.44B (+1.6% comp); GAAP EPS $0.87 incl. $114M restructuring; adj EPS $1.28.
- Domestic comp +1.1%, online comp +5.1% (32.8% of domestic revenue). International comp +7.6%.
- Reiterates FY26 adj EPS guidance $6.15-$6.30; expects Q3 comp similar to Q2 (~1.6%).
- Declares $0.95 quarterly dividend payable Oct 9; $65M in buybacks in Q2, $300M FY26 target.
- Restructuring charges of $114M to redirect resources for changing customer behaviors.
item 2.02item 9.01