Best Buy

Revenue is cyclical with product refresh cycles and macro sensitivity. FY25 comps declined 2.3 percent, followed by Q1 FY26 comps down 0.7 percent and Q2 FY26 up 1.6 percent.

Management’s FY26 guidance calls for comparable sales between negative 1 percent and positive 1 percent with adjusted EPS of 6.15 to 6.30, highlighting limited visibility amid tariff risk.

Recurring elements like memberships, services and retail media add some stability, and online penetration of roughly one‑third supports omnichannel consistency, but the overall business remains discretionary and promotionally sensitive.