secwatch.observer — SEC 8-K summary
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Issuer:     BEST BUY CO INC (BBY)
CIK:        0000764478
Form:       8-K
Filed at:   2026-05-28T11:00:49+00:00
Accession:  0000764478-26-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Best Buy Q1 comps +2%, EPS beat; CEO Barry to step down, Bonfig to succeed
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- Q1 enterprise revenue $8.94B (+1.9% YoY); diluted EPS $1.31 vs $0.95 (+38%); adjusted diluted EPS $1.28 vs $1.15 (+11%).
- Domestic comp sales +1.8%, International comp +4.7%; gaming, computing, mobile phones led.
- FY27 guidance reaffirmed: revenue $41.2-42.1B, adjusted EPS $6.30-6.60, capex ~$750M.
- CEO Corie Barry to step down later 2026; Jason Bonfig, current Chief Customer Officer, becomes CEO effective Nov 1, 2026.
- Quarterly dividend $0.96 per share, payable July 9, 2026 to holders of record June 18.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764478/000076447826000018/0000764478-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764478/000076447826000018/bby-20260528.htm
  HTML page:      https://secwatch.observer/filing/0000764478-26-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer