Best Buy (BBY) risk factors: FY2026 10-K

1. Macroeconomic pressures may adversely affect consumer spending and our financial results.
2. Geopolitical pressures may adversely impact our supply chain, the cost of our products or revenues and financial results.
3. Catastrophic events could adversely affect our operating results.reworded
4. Many of the products we sell are highly susceptible to technological advancement, product life-cycle fluctuations and changes in consumer preferences.

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1. We face strong competition from multi-channel retailers, e-commerce businesses, technology service providers, traditional store-based retailers, vendors and mobile network carriers, which directly affects our revenue and profitability.
2. If we fail to attract, retain and engage qualified employees, our operations and profitability may be negatively impacted. In addition, changes in market compensation rates could adversely affect our profitability.
3. Our focus on services exposes us to certain risks that could have a material adverse impact on our revenue, profitability and reputation.
4. Our reliance on key vendors and mobile network carriers subjects us to various risks and uncertainties which could affect our revenue and profitability.
5. Demand for the products and services we sell could decline if we fail to maintain positive brand perception and recognition.
6. Failure to effectively identify, manage and execute enterprise-wide strategies could have a negative impact on our business.reworded
7. Failure to effectively manage our infrastructure, real estate portfolio and market segmentation strategy may negatively impact our business.reworded

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1. Interruptions and other factors affecting our supply chain may adversely affect our business.
2. We utilize third-party vendors for certain aspects of our operations, and any material disruption in our relationships or their services may have an adverse impact on our business.
3. We are subject to risks related to the products we sell, including those products sold on our Best Buy Marketplace platform and products under our exclusive brand labels (Best Buy Essentials, Insignia, Lively, Rocketfish and Yardbird brands) that could affect our operating results.reworded
4. We rely heavily on our information technology systems for key business processes. Any failure or interruption in these systems could have a material adverse impact on our business.
5. Failure to prevent or effectively respond to a breach of the security or privacy of our customer, employee, vendor or company information could expose us to substantial costs and reputational damage, as well as litigation and enforcement actions.reworded

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1. We are subject to statutory, regulatory and legal developments that could have a material adverse impact on our business.
2. Our business is subject to evolving corporate governance and public disclosure regulations and expectations, including with respect to cybersecurity, corporate responsibility and sustainability matters.rewordedCybersecurity
3. Our international activities are subject to many of the same risks as described above, as well as to risks associated with the legislative, judicial, regulatory, political, economic and cultural factors specific to the countries or regions in which we operate.

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1. Failure to meet any financial performance guidance or other forward-looking statements we may provide to the public could result in a decline in our stock price.
2. Failure to effectively manage our costs could have a material adverse effect on our profitability.
3. We are highly dependent on the cash flows and net earnings we generate during our fiscal fourth quarter, which includes the majority of the holiday shopping season.
4. Economic, regulatory and other developments could adversely affect our ability to offer attractive promotional financing to our customers and adversely affect the profits we generate from these programs.
5. Constraints in the banking and capital markets or our vendor credit terms may have a material adverse impact on our liquidity.reworded
6. Changes in our credit ratings may limit our access to capital and materially increase our borrowing costs.

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Headings in the FY2025 10-K with no match this year.

1. The execution of our strategy relating to certain products and services (including health technology, services and logistics) brings business, financial and regulatory risks.
2. We face a heightened risk of cybersecurity attacks or data security incidents, which could have a material adverse impact on our business.