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Get filing alertsBest Buy reports Q1 FY2026 earnings, reclassifies revenue categories
Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read
Key Changes
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Best Buy announced financial results for Q1 fiscal 2026 (ended May 2, 2026) via press release. Actual earnings figures and operational metrics are in the attached exhibit, not the 8-K body itself.
Item 2.02 verify on EDGAR → -
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Company disclosed a revenue category reclassification that changes how it reports revenue across product or service lines. This may affect comparability of financial results across periods and how investors track segment performance.
Exhibit 99.2 view on EDGAR → -
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Management scheduled an earnings conference call for 8:00 a.m. ET on May 28, 2026, available live on the investor relations website. The call typically provides commentary on results and forward guidance.
Item 2.02 verify on EDGAR →
Summary
Best Buy disclosed its first quarter fiscal 2026 financial results for the period ending May 2, 2026, through a press release furnished with this 8-K. The company also revealed a revenue category reclassification, meaning it has changed how it breaks down and reports revenue across different product or service categories.
This reclassification could make it harder to compare current results with prior periods until investors understand the new categorization scheme. Retail investors should review the actual press release (Exhibit 99.1) for the earnings numbers and the reclassification document (Exhibit 99.2) to understand how Best Buy's revenue reporting has changed.
The revenue reclassification is particularly important for anyone tracking specific product category trends like computing, appliances, or services. Watch for management's explanation during the earnings call about why they made this change and how it affects year-over-year comparisons. If the reclassification obscures declining categories or makes trend analysis more difficult, that could be a concern.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Item 2.02 — Results of Operations and Financial Condition filed; see Key Changes for terms.
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On May 28, 2026, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the first quarter ended May 2, 2026.
Best Buy disclosed its first quarter fiscal 2026 financial results for the period ending May 2, 2026. The actual earnings figures and operational metrics are contained in the attached press release (Exhibit 99.1), which is not deemed filed for SEC liability purposes.
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Neither the news release issued on May 28, 2026, furnished as Exhibit 99.1 to this Current Report on Form 8-K, nor the Revenue Category Reclassification addressed in the release and furnished as Exhibit 99.2 to this Current Report on Form 8-K, shall be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934
Best Buy disclosed a revenue category reclassification in Exhibit 99.2, indicating changes to how the company reports revenue across different product or service categories. The specific details of the reclassification are in the exhibit, which is furnished but not filed for SEC liability purposes.
Event · Item 9.01 — Financial Statements and Exhibits
Best Buy filed an 8-K disclosing a news release and revenue category reclassification, both furnished under Item 2.02.
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News release issued May 28, 2026 (furnished pursuant to Item 2.02).
Best Buy furnished a news release dated May 28, 2026 under Item 2.02, which typically covers results of operations and financial condition. The specific content of the news release is not included in the 8-K body itself but is attached as Exhibit 99.1. Investors should review the exhibit to understand what operational or financial information was disclosed.
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Revenue Category Reclassification (furnished pursuant to Item 2.02).
Best Buy disclosed a revenue category reclassification, furnished under Item 2.02. This suggests the company has changed how it reports revenue across different product or service categories, which could affect comparability of financial results across periods. The details are in Exhibit 99.2. Investors should review the reclassification to understand how historical revenue figures may be restated or presented differently going forward.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify