Best Buy(US:BBY) Yahoo Finance·2026-03-04 14:19Core Insights - Best Buy reported a surprise sales slump during the key holiday shopping season, with same-store sales declining by 0.8% in the fourth quarter, contrary to Wall Street's expectation of a 0.2% increase [1] - The company anticipates a return to growth in first quarter same-store sales, projecting a rise of 1% [2] - Fourth quarter revenue totaled $13.81 billion, slightly below the expected $13.88 billion, while adjusted earnings per share were $2.61, exceeding the forecast of $2.46 [2] Financial Performance - For the full year, Best Buy's revenue reached $41.69 billion, just under the predicted $41.76 billion, with adjusted earnings per share at $6.43, surpassing the estimate of $6.31 [3] - Same-store sales for the year grew by 0.5%, falling short of the anticipated 0.9% increase [3] - The company expects revenue for 2027 to be between $41.2 billion and $42.1 billion, with same-store sales projected to fluctuate between a 1% decline and a 1% increase [3] Market Trends and Challenges - Best Buy is monitoring rising memory costs due to increased demand impacting supply, a challenge the industry has faced historically [4] - The company is adjusting inventory strategies and working on pricing to better align with consumer expectations [4] - Strength in computing and mobile phone sales is expected to continue into 2026, following a 5.4% increase in the fourth quarter [5]