{"id":110935,"date":"2026-03-03T14:43:52","date_gmt":"2026-03-03T17:43:52","guid":{"rendered":"https:\/\/ces.einnews.com\/article\/897255242"},"modified":"2026-03-03T14:43:52","modified_gmt":"2026-03-03T17:43:52","slug":"best-buy-q4-fy26-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/03\/best-buy-q4-fy26-earnings-call-transcript\/","title":{"rendered":"Best Buy Q4 FY26 Earnings Call Transcript"},"content":{"rendered":"
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Best Buy Co.<\/strong> (NASDAQ:<\/a>BBY<\/a>) reported fourth-quarter financial results before the market open on Tuesday. The transcript from the company\u2019s fourth-quarter earnings call has been provided below.<\/p>\n

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This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https:\/\/www.benzinga.com\/apis\/<\/a> for a consultation.<\/em><\/p>\n

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Operator<\/strong><\/p>\n

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Mollie O\u2019Brien<\/strong> (Head of Investor Relations)<\/p>\n

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Corie Barry<\/strong> (Chief Executive Officer)<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Operator<\/strong><\/p>\n

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At this time, if you would like to ask a question, press Star then a number one on your telephone keypad. To withdraw your question, simply press Star one. Again. We will pause for just a moment to compile the Q and a roster. Your first question comes from the line of Kate McShane with Goldman Sachs. Please go ahead.<\/p>\n

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Goldman Sachs Analyst<\/strong><\/p>\n

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Hi, this is Grace on for Kate. Thank you so much for taking your question. We were wondering in the case that product prices do increase due to the higher memory pricing, we were wondering what that could look like and what do margins look like across the different computing categories like good, better and best? Thank you.<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Scott Ciccarelli with Truist Securities. Please go ahead.<\/p>\n

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Truist Securities Analyst<\/strong><\/p>\n

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Good morning guys. Hope you\u2019re well. Two questions. First, can you talk about what you saw in the fourth quarter in big screen TV sales, especially as a big competitor, really aggressive in that category from what we could tell. And then secondly, I guess a bit more open ended, how should we think about the growth opportunities around Meta and Google Glasses? And any more details on how you\u2019re partnering with those vendors in that specific category? Thanks<\/p>\n

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Jason Bonfig<\/strong> (Chief Customer, Product and Fulfillment Officer)<\/p>\n

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Corie Barry<\/strong> (Chief Executive Officer)<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Michael Lasser with UBS Financial. Please go ahead.<\/p>\n

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UBS Analyst<\/strong><\/p>\n

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Good morning. Thank you so much for taking my question. Do you think you\u2019ve appropriately embedded enough margin flexibility in your guidance in order to compete effectively in in the year ahead? It seems like the industry just gets a little bit more competitive each day and 30 basis points of gross margin expansion may not be sufficient in order to drive the top line. Thank you.<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Corie Barry<\/strong> (Chief Executive Officer)<\/p>\n

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UBS Analyst<\/strong><\/p>\n

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Corie Barry (Chief Executive Officer)<\/strong><\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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UBS Analyst<\/strong><\/p>\n

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Thank you very much and good luck.<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Brian Nagel with Oppenheimer. Please go ahead.<\/p>\n

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Oppenheimer Analyst<\/strong><\/p>\n

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Hi, good morning. Thank you for taking my questions. So my first question, I guess shorter term in nature, just as we look at fiscal Q1, I guess I want to make sure I heard this correctly. So you said you were comps were down 1 in February, but you\u2019re planning for a plus one for the full fiscal quarter. I guess what underpins that expected acceleration here through the balance of the quarter?<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Oppenheimer Analyst<\/strong><\/p>\n

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That\u2019s very helpful.<\/p>\n

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Corie Barry<\/strong> (Chief Executive Officer)<\/p>\n

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Oppenheimer Analyst<\/strong><\/p>\n

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I appreciate it. Thank you for all the detail.<\/p>\n

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Corie Barry (Chief Executive Officer)<\/strong><\/p>\n

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You bet. Thank you.<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Steven Zacconi with Citigroup. Please go ahead.<\/p>\n

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Citigroup Analyst<\/strong><\/p>\n

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Good morning. Thanks very much for taking my questions. First one I wanted to ask was just how should we think about the same store sales cadence for the year? Would we expect every quarter to kind of be within the range? And then you gave the commentary on the memory impact, which is very helpful. Is there a cadence to be mindful of when it comes to ASPs and unit volumes, just given the disruption?<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Citigroup Analyst<\/strong><\/p>\n

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Okay, thanks. The follow up I had was you\u2019ve given a lot of detail on the marketplace and Best Buy ads. Thanks for that. As we think about the opportunity for contribution to EBIT margin in next year and the out year, can this be a material driver that the business can get back closer to a 5% operating margin in time.<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Citigroup Analyst<\/strong><\/p>\n

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Okay, thanks for the detail.<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Steve Forbes with Guggenheim. Please go ahead.<\/p>\n

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Guggenheim Analyst<\/strong><\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Guggenheim Analyst<\/strong><\/p>\n

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Appreciate that. Thank you. Thank you.<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Simeon Gutman with Morgan Stanley. Please go ahead.<\/p>\n

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Morgan Stanley Analyst<\/strong><\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Morgan Stanley Analyst<\/strong><\/p>\n

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Thank you.<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Zachary Fatum with Wells Fargo. Please go ahead.<\/p>\n

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Wells Fargo Analyst<\/strong><\/p>\n

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Good morning.<\/p>\n

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Matt Bilunas<\/strong> (Chief Financial Officer)<\/p>\n

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Wells Fargo Analyst<\/strong><\/p>\n

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Got it.<\/p>\n

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And then on the appliance category, you\u2019ve had some challenges there. Curious. Any thoughts on the game plan for fiscal 27 to return to share gain and how should we think about the glide path towards returning to positive comps? <\/p>\n

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Corie Barry<\/strong> (Chief Executive Officer)<\/p>\n

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Wells Fargo Analyst<\/strong><\/p>\n

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Thank you. Thank you.<\/p>\n

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Operator<\/strong><\/p>\n

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Your next question comes from the line of Jonathan Matuszewski. But Jeffreys, please go ahead.<\/p>\n

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Jefferies Analyst<\/strong><\/p>\n

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Jason Bonfig<\/strong> (Chief Customer, Product and Fulfillment Officer)<\/p>\n

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Corie Barry<\/strong> (Chief Executive Officer)<\/p>\n

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Operator<\/strong><\/p>\n

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Ladies and gentlemen, this concludes today\u2019s call. Thank you all for joining. You may now disconnect.<\/p>\n

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This transcript is to be used for informational purposes only. Though Benzinga believes the content to be substantially and directionally correct, Benzinga cannot and does not guarantee 100% accuracy of the content herein. Audio quality, accents and technical issues could impact the exactness and we advise you to refer to source audio files before making any decisions based upon the above.<\/em><\/p>\n

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Image: Shutterstock.com<\/em><\/p>\n

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… flat, pointing to slightly softer consumer<\/span> demand for our industry during … s a lot of noise at CES<\/span> and we expect that there … think the idea of AI for the consumer<\/span> is kind of a long Tail … pull forward in demand with consumer<\/span> awareness of potentially higher prices …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-110935","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/110935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=110935"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/110935\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=110935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=110935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=110935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}