U.S. COMPANY FILING
BEST BUY CO INC — Form 10-Q filed 2025-12-05
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Best Buy reported Q3 FY2026 revenue of $9.67 billion, up 2.4% YoY, with comparable sales up 2.7%. Net earnings fell 49% to $140 million due to $171 million goodwill and intangible impairments related to Best Buy Health, reflecting pressures in Medicaid and Medicare Advantage markets. Nine-month revenue rose 1.1% to $27.88 billion, net earnings down 35% to $528 million. The company undertook restructuring initiatives including labor and store optimization, Best Buy Health optimization, and China sourcing changes.
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