Best Buy reported fourth-quarter fiscal 2026 results Tuesday, posting revenue of $13.8 billion, short of the $13.88 billion analysts had expected, while beating on adjusted earnings per share of $2.61 against a $2.47 consensus estimate.
"We are pleased to report better-than-expected profitability for the fourth quarter," CEO Corie Barry said. "Our comparable sales, while within our guidance range, declined 0.8% compared to last year. Our data sources show our overall market share was at least flat, pointing to slightly softer customer demand for our industry during the holiday quarter."
The results snapped a run of improving comparable sales momentum. After declining 0.7% in the first quarter, comparable sales rose 1.6% in the second quarter and accelerated to 2.7% in the third. The holiday quarter, historically the company's most important, came in at negative 0.8%.
