Best Buy

Priorities are reinvestment in omnichannel fundamentals, membership, retail media, and the new marketplace, plus returning excess cash via dividends and opportunistic repurchases. FY26 capex plan is about 700 million.

Dividend was raised to 0.95 per quarter and the company expects roughly 300 million of repurchases in FY26. Management avoided large, speculative M&A, but recorded a goodwill impairment in FY25 to refocus Best Buy Health and took restructuring charges in FY26 to realign resources.

Overall discipline is good, with a tilt to asset‑light growth and measured returns to owners.