Best Buy (BBY) Q4 2026 earnings

Best buy The retailer reported mixed results on Tuesday as retail sales fell during the quarter and fell short of Wall Street expectations, but its earnings beat estimates as it showed improved profitability.

For the current fiscal year, the consumer electronics retailer expects revenue to range between $41.2 billion and $42.1 billion, compared to $41.69 billion in its most recent fiscal year. It expects adjusted earnings per share to range from $6.30 to $6.60, after reporting adjusted earnings per share of $6.43 for the previous fiscal year.

Best Buy expects comparable sales, a metric that tracks sales online and in stores open at least 14 months, to range from a 1% decline to a 1% increase.

In a press release, CEO Corey Barry said demand for consumer electronics remained weak during the gift-giving season, but the company’s internal data indicates Best Buy’s market share in the industry “has been at least flat.”

CFO Matt Bellonas said in his own statement that the company is “excited by the momentum in our business.” But he added that company leaders “expect to continue to navigate a hybrid macro environment.”

Here’s how the retailer fared in its fiscal fourth quarter compared to what Wall Street was expecting, according to a survey of analysts conducted by LSEG:

• Earnings per share: $2.61 revised vs. $2.47 expected
• profit: $13.81 billion compared to $13.88 billion expected

In the three-month period ending January 31, Best Buy’s net income jumped to $541 million, or $2.56 per share, from $117 million, or 54 cents per share, in the same quarter last year. Excluding one-time expenses, including fees for its health business, Best Buy reported adjusted earnings per share of $2.61.

Revenues fell from $13.95 billion in the same quarter last year. However, year-over-year revenues rose to $41.69 billion from $41.53 billion in the previous fiscal year. Best Buy’s annual revenue has declined in the previous three fiscal years.

For about four years, Best Buy pinned its slower sales on more price-sensitive American consumers, a slower housing market, and less technological innovation. All of these factors have some shoppers delaying technology purchases, especially big-ticket items like new refrigerators. Higher tariffs have also added costs for Best Buy, where many consumer electronics are imported.

Comparable sales fell 0.8% in the fourth quarter as the company saw lower sales of appliances and home theaters. The company said these declines were partially offset by sales growth in computers and mobile phones.

Best Buy has pivoted toward a more profitable business, including selling advertising and offering more merchandise through its third-party marketplace, which it launched in August. Barry said in the company’s news release that Best Buy’s advertising partners nearly doubled from the previous year and said the retailer has significantly increased the number of products available in the marketplace.

The company has an earnings call scheduled for 9 a.m. ET.