Decreased by 0.8%, which was within management's guidance range.
Growth in Best Buy Ads and the U.S. digital Marketplace helped offset lower product margin rates. Shareholder Returns & Dividends
Best Buy Co., Inc. - Best Buy Reports Fourth Quarter Results
Generated $13.81 billion, slightly missing analyst projections of $13.96 billion.
Management expects to spend approximately $300 million on share repurchases during fiscal 2027. Future Outlook (Fiscal 2027 Guidance)
Best Buy Co., Inc. (NYSE: BBY) recently reported fourth-quarter fiscal 2026 results that exceeded profitability expectations despite a mixed consumer electronics market. The company is currently focused on leveraging artificial intelligence (AI) and expanding its digital marketplace to drive future growth.
Management provided the following targets for the upcoming fiscal year: Between $41.2 billion and $42.1 billion. Adjusted Diluted EPS: Range of $6.30 to $6.60. Comparable Sales: Expected to range from (1.0%) to 1.0%. Capital Expenditures: Approximately $750 million. Analyst Consensus & Market Sentiment
Approved a 1% increase in the regular quarterly cash dividend to $0.96 per share , marking 22 consecutive years of dividend growth.