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Revenue: $9.7 billion, a 2.4% increase year-over-year.
Adjusted Operating Income Rate: 4%, 30 basis points better than expected.
Adjusted Earnings Per Share: Increased 11% year-over-year to $1.40.
Comparable Sales Growth: 2.7%, exceeding expectations.
Domestic Revenue: $8.9 billion, a 2.1% increase driven by 2.4% comparable sales growth.
Online Revenue: $2.8 billion, a 3.5% increase on a comparable basis, representing 31.8% of domestic revenue.
International Revenue: $794 million, a 6.1% increase driven by 6.3% comparable sales growth.
Domestic Gross Profit Rate: Decreased by 30 basis points to 23.3%.
International Gross Profit Rate: Increased by 30 basis points to 22.8%.
SG&A Expenses: Domestic adjusted SG&A decreased by $4 million.
Shareholder Returns: $802 million returned through dividends and share repurchases year-to-date.
Fourth Quarter Comparable Sales Guidance: Expected range of down 1% to up 1%.
Full Year Revenue Guidance: $41.65 billion to $41.95 billion.
Full Year Comparable Sales Growth Guidance: 0.5% to 1.2%.
Full Year Adjusted Operating Income Rate Guidance: Approximately 4.2%.
Full Year Adjusted Diluted EPS Guidance: $6.25 to $6.35.
Release Date: November 25, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Best Buy Co Inc (NYSE:BBY) reported strong third-quarter results with revenue of $9.7 billion, an adjusted operating income rate of 4%, and an 11% year-over-year increase in adjusted earnings per share to $1.40.
The company achieved better-than-expected comparable sales growth of 2.7%, driven by strong sales in computing, gaming, and mobile phones.
Online sales increased for the fourth consecutive quarter, supported by higher traffic and increased customer adoption of the Best Buy app.
The launch of the Best Buy marketplace has been successful, with over 1,000 sellers and 11 times more SKUs available online, contributing positively to gross profit rates.
Best Buy Co Inc (NYSE:BBY) continues to innovate with new in-store experiences and partnerships, such as immersive showcase areas for AI glasses and collaborations with IKEA, enhancing customer engagement and satisfaction.
The company experienced declines in the home theater, appliance, and drone categories, which partially offset growth in other areas.
Best Buy Co Inc (NYSE:BBY) anticipates a decline in fourth-quarter gross profit rate due to increased promotional investments and lower product margin rates.
The appliance market remains challenging, with a high percentage of single-unit purchases and a focus on duress customers, impacting promotional effectiveness.
Despite positive momentum, the fourth-quarter comparable sales outlook is expected to be in the range of down 1% to up 1%, reflecting potential challenges in maintaining growth.
The company recorded pretax noncash asset impairments of $192 million related to Best Buy Health, indicating pressures in the Medicaid and Medicare Advantage markets.
