Revenue: As of FY2027 Q2, the actual value is USD 9.779 B, beating the estimate of USD 9.593 B.

EPS: As of FY2027 Q2, the actual value is USD 1.48, beating the estimate of USD 1.3654.

EBIT: As of FY2027 Q2, the actual value is USD 431 M.

Best Buy Co., Inc. reported its second quarter (Q2 FY27) and six-month (Six Months FY27) results, along with updated financial guidance for FY27 and Q3 FY27.

Revenue

• Q2 FY27 Enterprise Revenue: $9,779 million, an increase from $9,438 million in Q2 FY26.
• Q2 FY27 Domestic Segment Revenue: $9,070 million, up from $8,698 million in Q2 FY26.
• Q2 FY27 International Segment Revenue: $709 million, a decrease from $740 million in Q2 FY26.
• Six Months FY27 Enterprise Revenue: $18,715 million, up from $18,205 million in the prior year period.
• Six Months FY27 Domestic Segment Revenue: $17,319 million, an increase from $16,825 million in the prior year period.
• Six Months FY27 International Segment Revenue: $1,396 million, an increase from $1,380 million in the prior year period.

Comparable Sales

• Q2 FY27 Enterprise Comparable Sales Change: 4.1%, compared to 1.6% in Q2 FY26.
• Q2 FY27 Domestic Comparable Sales Change: 4.5%, compared to 1.1% in Q2 FY26.
• Q2 FY27 Domestic Online Sales Change: 5.1%, consistent with 5.1% in Q2 FY26.
• Q2 FY27 International Comparable Sales Change: -1.8%, compared to 7.6% in Q2 FY26.
• Six Months FY27 Domestic Comparable Sales Change: 3.2%, compared to 0.2% in the prior year period.
• Six Months FY27 International Comparable Sales Change: 1.3%, compared to 3.5% in the prior year period.

Gross Profit

• Q2 FY27 Enterprise Gross Profit: $2,338 million, with a gross profit margin of 23.9%, up from $2,194 million with a margin of 23.2% in Q2 FY26.
• Q2 FY27 Domestic Gross Profit: $2,180 million, with a gross profit margin of 24.0%, up from $2,033 million with a margin of 23.4% in Q2 FY26. The higher domestic gross profit rate was primarily driven by growth in Marketplace and Best Buy Ads, and IEEPA tariff refunds of approximately $34 million, partially offset by lower product margin rates.
• Q2 FY27 International Gross Profit: $158 million, with a gross profit margin of 22.3%, compared to $161 million with a margin of 21.8% in Q2 FY26. The higher international gross profit rate was primarily due to improved product margin rates.

Operating Income

• Q2 FY27 Operating Income: $421 million, with an operating income margin of 4.3%, up from $251 million with a margin of 2.7% in Q2 FY26.
• Q2 FY27 Adjusted Operating Income: $417 million, with an adjusted operating income margin of 4.3%, up from $369 million with a margin of 3.9% in Q2 FY26.
• Six Months FY27 Operating Income: $791 million, with an operating income margin of 4.2%, up from $470 million with a margin of 2.6% in the prior year period.
• Six Months FY27 Adjusted Operating Income: $780 million, with an adjusted operating income margin of 4.2%, up from $702 million with a margin of 3.9% in the prior year period.

Selling, General and Administrative Expenses (SG&A)

• Q2 FY27 SG&A: $1,923 million, or 19.7% of revenue, compared to $1,829 million, or 19.4% of revenue in Q2 FY26.
• Q2 FY27 Adjusted SG&A: $1,921 million, or 19.6% of revenue, compared to $1,825 million, or 19.3% of revenue in Q2 FY26.
• Q2 FY27 Domestic Adjusted SG&A: $1,776 million, or 19.6% of revenue, compared to $1,682 million, or 19.3% of revenue in Q2 FY26. The increase was primarily due to higher compensation, Marketplace and Best Buy Ads initiatives, and advertising expense, partially offset by lower Best Buy Health expense.
• Q2 FY27 International Adjusted SG&A: $145 million, or 20.5% of revenue, compared to $143 million, or 19.3% of revenue in Q2 FY26. The increase was primarily driven by higher advertising and depreciation expense, partially offset by favorable foreign exchange rates.

Restructuring Charges

• Q2 FY27 Restructuring Charges: - $6 million, compared to $114 million in Q2 FY26.
• Six Months FY27 Restructuring Charges: - $15 million, compared to $223 million in the prior year period.

Net Earnings

• Q2 FY27 Net Earnings: $315 million, up from $186 million in Q2 FY26.
• Six Months FY27 Net Earnings: $591 million, up from $388 million in the prior year period.

Cash Flow

• Six Months FY27 Total Cash Provided by Operating Activities: $1,296 million, compared to $783 million in the prior year period.
• Six Months FY27 Total Cash Used in Investing Activities: - $339 million, compared to - $369 million in the prior year period.
• Six Months FY27 Total Cash Used in Financing Activities: - $443 million, compared to - $574 million in the prior year period.

Capital Expenditures

• Six Months FY27 Additions to Property and Equipment: - $344 million, compared to - $341 million in the prior year period.

Shareholder Returns

• Q2 FY27 Share Repurchases: $36 million.
• Q2 FY27 Dividends Paid: $203 million.
• Year-to-Date FY27 Share Repurchases: $36 million.
• Year-to-Date FY27 Dividends Paid: $405 million.
• A regular quarterly cash dividend of $0.96 per common share was authorized, payable on October 8, 2026.

Balance Sheet Highlights

• Cash and Cash Equivalents (August 1, 2026): $2,255 million, up from $1,456 million on August 2, 2025.
• Merchandise Inventories (August 1, 2026): $6,296 million, up from $5,816 million on August 2, 2025.
• Accounts Payable (August 1, 2026): $6,026 million, up from $5,682 million on August 2, 2025.

Operational Metrics

• Domestic Revenue by Category (Q2 FY27 Revenue Mix): Computing and Mobile Phones (46%), Consumer Electronics (27%), Appliances (12%), Services (9%), Entertainment (6%), and Other (0%).
• International Revenue by Category (Q2 FY27 Revenue Mix): Computing and Mobile Phones (47%), Consumer Electronics (28%), Appliances (10%), Services (7%), Entertainment (7%), and Other (1%).
• The company achieved comparable sales growth across most categories, driven by computing, home theater, and emerging categories like AI glasses and trading cards, partially offset by a decline in traditional gaming. Growth was also observed in Best Buy Ads and Marketplace initiatives.

Outlook / Guidance

Best Buy Co., Inc. has raised its annual financial guidance for FY27, now expecting revenue of $42.3 billion to $42.8 billion, comparable sales change of 1.9% to 3.0%, and an adjusted operating income rate of 4.4% to 4.5%. For Q3 FY27, comparable sales are projected to be in the range of 1.0% to 3.0%, with an adjusted operating income rate of 4.1% to 4.2%.