BEST BUY CO INC (BBY)

Price—Loading quote

AI: Fair-priced

Price checkShares look fairly priced because solid cash returns are offset by limited growth and cyclicality.

At $84.51, 210.7 million shares imply a market value near $17.8 billion. The price is 13.1 times management’s $6.45 midpoint for adjusted earnings per share, which exclude selected charges, but 16.8 times last year’s reported $5.04. Fiscal 2026 free cash flow—cash left after operations and capital spending—was $1.26 billion, giving a 7.1% cash yield, while the annualized dividend yields 4.5%. Those returns are appealing, but guidance implies roughly flat adjusted earnings, supporting a fair-priced verdict rather than a clear bargain.

Big pictureSales have stabilized after a long decline, but earnings and cash remain tied to replacement cycles.

Fiscal 2026 revenue increased 0.4% to $41.69 billion, yet remained 19% below the pandemic-era $51.76 billion peak. Reported earnings per share recovered to $5.04 from $4.28 but stayed far below $9.84 in fiscal 2022. First-quarter revenue rose 1.9%, and comparable sales—sales from established stores and online channels—grew 2.0%. Reported earnings rose 38% to $1.31, partly because the prior year included restructuring costs. Free cash flow was $1.26 billion after $1.39 billion and $0.68 billion in the preceding two years, demonstrating durability but meaningful variability.

Business strengthA net cash position and shrinking share count support payouts, though the short-term cushion is modest.

At May 2, Best Buy held $1.75 billion of cash against $1.16 billion of debt, leaving $591 million of net cash. Current assets were 1.12 times liabilities due within one year, providing a positive but not large short-term cushion for a seasonal retailer. Fiscal 2026 free cash flow covered the $801 million dividend 1.6 times and also funded $273 million of repurchases. Shares declined 19% over five years, benefiting each remaining share. However, shares rose 0.8% from January to May when repurchases paused, showing that compensation-related issuance can cause temporary dilution.

What could change the storyThe stock needs stable sales, while services growth must offset weak big-ticket categories.

Management expects $41.2 billion to $42.1 billion of fiscal 2027 revenue, comparable sales between a 1% decline and 1% growth, and adjusted earnings of $6.30 to $6.60 per share. The bull case strengthens if services, up 5.5% in the first quarter, and advertising lift the operating margin above the 4.4% guidance ceiling. The bear case strengthens if appliances, down 13.6%, and consumer electronics, down 2.7%, remain weak or lower product margins pull annual free cash flow below roughly $1.2 billion. The current price therefore requires guidance delivery during simultaneous chief executive and finance leadership changes.

$84.51 price considered

AI: News

First-quarter earnings beatFirst-quarter results beat expectations, showing technology demand and newer income streams can support profits.

On May 28, 2026, Best Buy reported $8.94 billion of revenue, 2.0% comparable-sales growth and adjusted earnings of $1.28 per share. Reuters cited analyst expectations of $8.83 billion, 0.96% and $1.23, respectively, and reported that the shares surged 18%. Gaming, computing and mobile phones supported sales, while Marketplace and Best Buy Ads helped margins. The reaction reflected stronger near-term expectations, although management retained its broadly flat full-year sales outlook.

Chief executive successionAn experienced insider will become chief executive as Best Buy tries to restore lasting growth.

Best Buy announced on April 22, 2026, that Jason Bonfig would replace Corie Barry as chief executive on November 1. Bonfig is a 27-year company veteran overseeing customer, product and fulfillment operations, giving the transition continuity but also linking him to the existing strategy. RTTNews reported shares down 4.2% at $63.82 that morning. The timing suggests investor concern, but does not prove the announcement alone caused the decline. Barry will remain an adviser for six months after stepping down.

Finance chief departsThe finance chief left before the incoming chief executive had selected a permanent replacement.

On June 22, 2026, Best Buy said Matt Bilunas would leave on July 31 after seven years as finance chief and 20 years with the company. An external search began, with no successor named in the announcement; outgoing chief executive Corie Barry was available to provide temporary financial oversight. No reliable event-specific market reaction was found. The departure matters because financial forecasting, cost control and shareholder payouts must remain consistent while the company simultaneously changes its chief executive and expands advertising and marketplace operations.

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Financial statements

	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$41.69B	$41.53B	$43.45B	$46.30B	$51.76B	$47.26B	$43.64B	$42.88B	$42.15B	$39.40B	$39.53B	$40.34B	$40.61B	$38.25B	$45.46B	$49.75B	$49.24B	$45.02B	$40.02B
Gross profit	$9.37B	$9.38B	$9.60B	$9.91B	$11.64B	$10.57B	$10.05B	$9.96B	$9.88B	$9.44B	$9.19B	$9.05B	$9.40B	$9.02B	$10.98B	$12.54B	$12.04B	$11.00B	$9.55B
Operating income	$1.39B	$1.26B	$1.57B	$1.79B	$3.04B	$2.39B	$2.01B	$1.90B	$1.84B	$1.85B	$1.38B	$1.45B	$1.14B	$90.0M	$2.20B	$2.37B	$2.37B	$1.87B	$2.16B
EBITDAderived	$2.22B	$2.13B	$2.50B	$2.71B	$3.91B	$3.23B	$2.82B	$2.67B	$2.53B	$2.51B	$2.03B	$2.11B	$1.86B	$922.0M	$3.15B	$3.35B	$3.29B	$2.66B	$2.74B
Net income	$1.07B	$927.0M	$1.24B	$1.42B	$2.45B	$1.80B	$1.54B	$1.46B	$1.00B	$1.23B	$897.0M	$1.23B	$532.0M	−$441.0M	−$1.23B	$1.28B	$1.32B	$1.00B	$1.41B
Basic EPSper diluted share	$5.06	$4.31	$5.70	$6.31	$9.94	$6.93	$5.82	$5.30	$3.33	$3.86	$2.59	$3.53	$1.56	-$1.30	-$3.36	$3.14	$3.16	$2.43	$3.20
Diluted EPSper diluted share	$5.04	$4.28	$5.68	$6.29	$9.84	$6.84	$5.75	$5.20	$3.26	$3.81	$2.56	$3.49	$1.53	-$1.30	-$3.27	$3.08	$3.10	$2.39	$3.12

Review source filings at SEC.gov ↗

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys1$984.4K disclosed value

Sells (SEC code S)56$480.97M disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Jun 26, 2026Form 4	SCHULZE RICHARD MOther	SellCommon Stock · indirect	224.7K	$78.10	$17.55M	10.43M
Jun 25, 2026Form 4	SCHULZE RICHARD MOther	SellCommon Stock · indirect	193.9K	$78.13	$15.15M	10.66M
Jun 16, 2026Form 4	SCHULZE RICHARD MOther	SellCommon Stock · indirect	5.1K	$78.00	$397.8K	10.85M
Jun 15, 2026Form 4	SCHULZE RICHARD MOther	SellCommon Stock · indirect	76.3K	$78.23	$5.97M	10.85M
May 29, 2026Form 4	SCHULZE RICHARD MOther	SellCommon Stock · indirect	191.6K	$75.96	$14.55M	10.93M

Review ownership filings at SEC.gov ↗

BEST BUY CO INC (BBY)

Financial charts

Financial statements

Insider buys & sells