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Sentiment · FY2027 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jonathan Matuszewski | Jefferies | 8 (0%) |
| Chris Horvers | JPMorgan | 8 (0%) |
| Steve Forbes | Guggenheim | 7 (0%) |
| Michael Lasser | UBS | 7 (43%) |
| Anthony Chukumba | Loop Capital | 6 (0%) |
| Peter Keith | Piper Sandler | 6 (0%) |
| Scot Ciccarelli | Truist Securities | 6 (0%) |
| Steven Zaccone | Citigroup | 6 (0%) |
| Joe Feldman | Telsey Advisory Group | 5 (0%) |
| Seth Sigman | Barclays | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 8 (0%) |
| Jefferies | 1 | 8 (0%) |
| Guggenheim | 1 | 7 (0%) |
| UBS | 1 |
Best Buy announced that Anne Bramman, 58, has been appointed Executive Vice President and Chief Financial Officer effective August 19, 2026, reporting to incoming CEO Jason Bonfig, who succeeds Corie Barry on November 1, 2026. Effective August 1, 2026, Barry was named interim CFO until Bramman assumes the role. Bramman was previously chief financial and growth officer of Circana and CFO of Nordstrom. Her package includes a $950,000 base salary and a $500,000 sign-on cash award.
| Morgan Stanley | 2 | 7 (0%) |
| Citigroup | 1 | 6 (0%) |
| Loop Capital | 1 | 6 (0%) |
| Barclays | 2 | 6 (0%) |
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.
Demand | Margin | Competitive Dynamics | Pricing | Guidance Reliability | Trade Tariffs | Revenue Growth | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2025Q3 | 6 | 2 | 2 | 2 | 1 | 2 | ||
| 2025Q4 | 1 | 2 | 3 | 2 | 4 | 3 | ||
| 2026Q1 | 5 | 5 | 3 | 5 | 2 | 3 | 3 | 1 |
| 2026Q2 | 10 | 3 | 5 | 3 | 2 | 3 | 3 | 3 |
| 2026Q3 | 8 | 4 | 5 | 1 | 3 | 1 | 3 | 2 |
| 2026Q4 | 6 | 4 | 4 | 5 | 4 | 1 | 1 | 3 |
| '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 1 | 5 | 10 | 8 | 6 |
| Margin | 2 | 2 | 5 | 3 | 4 | 4 |
| Competitive Dynamics | 3 | 3 | 5 | 5 | 4 | |
| Pricing | 2 | 2 | 5 | 3 | 1 | 5 |
| Guidance Reliability | 2 | 2 | 2 | 3 | 4 | |
| Trade Tariffs | 1 | 4 | 3 | 3 | 1 | 1 |
| Revenue Growth | 3 | 3 | 3 | 3 | 1 | |
| Innovation & R&D | 2 | 1 | 3 | 2 | 3 |
| 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 |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What BBY and other companies said about each other on FY2027 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we are going to start lapping the Switch launch last year, which was roughly $200 million of sales in Q2”
The Nintendo Switch 2 launch drove roughly $200 million of Best Buy sales in the prior-year Q2, a read-through to the strength of that Nintendo console launch.
“We will continue to partner with AI companies like OpenAI and Google to make sure we're showing up in the places where customers look for technology and advice.”
Best Buy names OpenAI as an AI partner for showing up where customers search for technology advice.
“We will continue to partner with AI companies like OpenAI and Google to make sure we're showing up in the places where customers look for technology and advice.”
Best Buy frames Google as an AI partner it is integrating with so Best Buy surfaces in AI-driven shopping/advice touch points.
“In 50 stores over the next 2 quarters, these open spaces will be filled with a new Meta experience that spans their AI glasses and VR categories. Branded Meta Labs at Best Buy, these 900 square foot areas will be staffed by employees specialized and dedicated to the Meta experience.”
Best Buy is dedicating branded Meta Labs space in 50 stores to showcase Meta's AI glasses and VR products, a read-through to distribution/demand for Meta's consumer hardware.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
BBY Best Buy | 6 | +1.9% | |
| AMZN Amazon.com, Inc. | 9 | +19.6% | |
| AZO AutoZone | 7 | +8.4% | |
| CASY Casey's General Stores, Inc. | 9 | +14.5% | |
| EBAY eBay | 8 | +14.8% | |
| GPC Genuine Parts Company | 6 | +6.0% | |
| MELI MercadoLibre | 7 | +49.8% | |
| ORLY O'Reilly Automotive | 8 | +8.1% | |
| PDD PDD Holdings | 6 | +8.1% | |
| TSCO Tractor Supply | 2 | +2.3% | |
| ULTA Ulta Beauty | 8 | +11.1% | |
| WSM Williams-Sonoma | 6 | +4.3% |