Best Buy Co., Inc. (BBY) Earnings Call Transcripts

Best Buy Co., Inc.'s Latest Earnings Call - Q2 FY2027

Best Buy Co., Inc. reported strong second quarter results for fiscal 2027, with revenue of $9.8 billion, up 3.6% year-over-year, and adjusted diluted EPS of $1.47, reflecting a 15% increase. Comparable sales grew 4.1%, significantly exceeding management's prior guidance of approximately 1%. The company raised its full-year financial guidance, now expecting revenue between $42.3 billion and $42.8 billion, with adjusted diluted EPS projected at $6.70 to $6.90, indicating positive momentum as they navigate a competitive retail landscape.

Reported metrics

Guidance from management

Management raised its full-year guidance, expecting revenue between $42.3 billion and $42.8 billion, with adjusted diluted EPS projected at $6.70 to $6.90. They anticipate comparable sales growth of 1.9% to 3% for the year.

What management said

And the only thing that I would add, Jonathan, is that we turn that category really fast. And so it's not like these are inventories that are going to stretch out for years. This is with the teams Jason's plays constantly making these decisions and really doing an excellent job managing and getting ready for holiday. So these are really quick turning categories.

Yes, absolutely. So we are contemplating, as everyone is, higher fuel costs in our updated guidance. Overall, supply chain was actually a slight benefit to gross profit rate in Q1 and Q2. And all throughout the -- as it relates to the full year, we expect it to be relatively neutral. So there is a bit of increased fuel cost in there, but kudos to the team who is finding other ways to offset that.

What analysts pressed on

Analysts expressed concerns about the sustainability of growth in the gaming category following the Switch 2 launch and the impact of rising memory costs on consumer demand. There are also questions regarding how Best Buy will maintain margins amid increased competition and promotional activity in the market.

Main topics on the call

• Revenue Growth and Guidance Raise — Best Buy's revenue for Q2 was $9.8 billion, exceeding expectations, and management raised full-year guidance to $42.3 billion to $42.8 billion. CEO Corie Barry stated, "We are pleased with our first half results and our ...
• Strong Performance in Computing and Emerging Categories — Computing sales drove growth with a 21% increase from the Best Buy business team, while newer categories like AI glasses and trading cards saw sales more than double. Barry noted, "Our Q2 computing sales continued to be ...
• Challenges in Traditional Gaming Category — The traditional gaming category experienced a decline as Best Buy lapped the successful launch of the Switch 2. Barry mentioned, "We saw comparable sales decline in our traditional gaming category as we lapped the succes...
• Marketplace and Advertising Growth — Best Buy Ads is on track for 10% growth this year, and the domestic marketplace GMV reached approximately $300 million in Q2, with expectations to hit $1.3 billion for the year. Bonfig stated, "The Best Buy Ads team will...

Read the full Best Buy Co., Inc. transcript (Q2 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 45 Best Buy Co., Inc. earnings call transcripts on record, spanning February 27, 2020 to August 27, 2026. Based on this history, Best Buy Co., Inc. reports quarterly. The most recent call on file is dated August 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BBY

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

45

First call

February 27, 2020

Most recent

August 27, 2026

Reporting cadence

quarterly