Best Buy revenue rises 4 percent

Lena Becker • August 31, 2026 • 3 min read

Best Buy reports 4.3% year-over-year revenue increase, raising full-year guidance with improved profitability and sales.

Best Buy revenue rises 4 percent - best buy — Best Buy revenue rises 4 percent

Best Buy reported a 4.3% year-over-year increase in second-quarter revenue, with enterprise revenue rising to $9.78bn in the quarter ended 1 August. The consumer electronics retailer also raised its full-year guidance after higher sales and sharply improved profitability.

Comparable sales increased 4.1% while domestic comparable sales rose 4.5%. International revenue, however, fell 4.2% to $709m.

Revenue and Profitability

Operating income climbed 67.7% to $421m, with operating income margin improving to 4.3% from 2.7%. Net earnings increased 69.4% to $315m from $186m. Diluted earnings per share (EPS) rose 70.1% to $1.48.

Best Buy CEO Corie Barry said: “We are very pleased to report we outperformed expectations in the second quarter with comparable sales growth of 4.1% and a higher-than-expected adjusted operating income rate.”

Leadership and Outlook

Barry will leave both her chief executive position and board seat at the close of Q3, on 31 October 2026. Incoming CEO Jason Bonfig said the company was lifting its outlook because of first-half performance and momentum heading into the back half of the year.

“We are raising our annual financial guidance due to the strong first half performance and our momentum as we enter the second half of the year,” he said. For FY27, Best Buy now expects revenue of $42.30bn to $42.80bn, up from prior guidance of $41.20bn to $42.10bn.

The company also raised comparable sales guidance to 1.9% to 3% from -1% to 1%, and adjusted diluted EPS guidance to $6.70 to $6.90 from $6.30 to $6.60. Given the current trends, it’s likely that Best Buy will continue to focus on emerging categories, such as AI glasses and trading cards, to drive growth.

Domestic Revenue

Domestic revenue, which accounts for most of the business, increased 4.3% to $9.07bn, driven by growth in computing, home theatre and emerging categories. Domestic adjusted operating income rose 15.1% to $404m.

By contrast, international adjusted operating income declined 27.8% to $13m from $18m as weaker comparable sales and foreign exchange weighed on results.

Best Buy’s strong performance in the second quarter is a positive sign for the company, and its increased guidance suggests that it’s well-positioned for the rest of the year.

The growth in domestic revenue can be attributed to the increasing demand for computing and home theatre products, as well as the rising popularity of emerging categories such as AI glasses. The company’s focus on these categories is expected to drive growth and improve profitability in the coming quarters.

In addition to the growth in domestic revenue, Best Buy’s improved operating income margin is also a significant factor in its strong performance. The company’s ability to maintain a high operating income margin is key in maintaining its competitiveness in the market and driving growth.

The change in leadership, with Corie Barry leaving her position as CEO and Jason Bonfig taking over, is not expected to have a significant impact on the company’s performance in the short term. Bonfig’s statement on raising the annual financial guidance suggests that the company is confident in its ability to continue growing and improving profitability under his leadership.

The company’s decision to raise its comparable sales guidance and adjusted diluted EPS guidance is a sign to its confidence in its ability to drive growth and improve profitability. The new guidance suggests that Best Buy is well-positioned to take advantage of the growing demand for consumer electronics and emerging categories, and to maintain its competitiveness in the market.

Overall, Best Buy’s strong performance in the second quarter and its increased guidance suggest that the company is on track to achieve its goals and drive growth in the coming quarters. The company’s focus on emerging categories, its improved operating income margin, and its confidence in its ability to continue growing and improving profitability under new leadership are all positive signs for the company’s future performance.