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Sentiment · FY2027 Q2
As of FY2027 Q1, the Tellvest earnings-call sentiment score for Best Buy (BBY) is 6/10.
Best Buy opened fiscal 2027 with better-than-expected results, reporting enterprise revenue of $8.9 billion up 1.9% and enterprise comparable sales growth of 2%, ahead of its roughly 1% outlook, with positive comps across most major categories led by gaming, computing and mobile phones. Profitability improved as the adjusted operating income rate rose 30 basis points to 4.1% on SG&A leverage and the domestic gross profit rate expanded 20 basis points to 23.7%, lifting adjusted diluted EPS 11% to $1.28 (GAAP diluted EPS was $1.31). Newer profit streams scaled, with domestic Marketplace GMV reaching approximately $250 million and Best Buy Ads contributing to gross margin, while appliances remained a soft spot before turning to demand growth in May. Management maintained its full-year FY27 guidance of revenue of $41.2 billion to $42.1 billion, comparable sales of down 1% to up 1%, and adjusted diluted EPS of $6.30 to $6.60, and flagged rising memory costs as a watch item for computing pricing in the back half. The quarter also marked a leadership transition, with Jason Bonfig set to become CEO on November 1.
Scored from Best Buy’s FY2027 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q3 | $9.45B | -3.2% | $1.26 | +4.1% | 23.5% | 3.7% | 2.9% | $-449M |
| FY2025 Q4 | $13.95B | -4.8% | $0.54 | -74.5% | 20.9% | 1.6% | 0.8% | $1.36B |
| FY2026 Q1 | $8.77B | -0.9% | $0.95 | -15.9% | 23.4% | 3.7% | 2.3% | $-132M |
| FY2026 Q2 | $9.44B | +1.6% | $0.88 | -34.3% | 23.2% | 3.9% | 2.0% | $574M |
| FY2026 Q3 | $9.67B | +2.4% | $0.66 | -47.6% | 23.2% | 3.8% | 1.4% | $-287M |
| FY2026 Q4 | $13.81B | -1.0% | $2.56 | +374.1% | 20.9% | 5.0% | 3.9% | $1.10B |
| FY2027 Q1 | $8.94B | +1.9% | $1.31 | +37.9% | 23.5% | 4.0% | 3.1% | $215M |
| FY2027 Q2 | $9.78B | +3.6% | $1.48 | +68.2% | 23.9% | 4.3% | 3.2% | $737M |