Shares of Best Buy (BBY) surged 18% on Thursday after the electronics retailer reported stronger-than-expected first-quarter earnings, boosted by higher margins and modest sales growth. The stock rally followed quarterly operating earnings of $1.28 per share, up from $1.15 a year earlier.
Best Buy Co., Inc. (BBY) Q1 2027 Earnings Call Transcript
The company doesn't need to be a blockbuster growth stock to keep investors happy.
Best Buy NYSE: BBY reported better-than-expected first-quarter fiscal 2027 results, with comparable sales rising 2% from a year earlier and adjusted earnings per share increasing 11%, executives said on the company's earnings call.
Best Buy Co Inc (NYSE:BBY) shares jumped 17% after the retailer's first quarter earnings topped Wall Street expectations and the company reaffirmed its full-year outlook. The company reported adjusted earnings per share of $1.28, topping analyst estimates of $1.22, while total revenue rose to $8.94 billion, above expectations of $8.82 billion.
Best Buy entered 2026 facing the same question confronting much of the consumer electronics industry: whether slowdowns in discretionary spending had become structural.
While the top- and bottom-line numbers for Best Buy (BBY) give a sense of how the business performed in the quarter ended April 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Best Buy Co (NYSE:BBY) stock is scaling the New York Stock Exchange (NYSE) today, last seen up 14% to trade at $73.57, after the company reported better-than-expected first-quarter earnings and revenue.
Best Buy (BBY) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.15 per share a year ago.
Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump. For its first fiscal quarter, the company said some of its biggest growth drivers came from gaming and computing, partially offset by a decline in appliances.
Stock futures are rising at the start of a busy week of earnings reports, while investors monitor progress on peace talks with Iran; Trump said over the weekend that the talks are moving forward, but "self defense" strikes by the U.S. military in southern Iran have renewed tensions; a number of retailers and tech companies will report earnings this week; shares of chipmakers are gaining in premarket trading as the AI trade sustains its momentum; and Ferrari shares are slipping after the company unveiled its first fully electric sports car. Here's what you need to know today.
Besides Wall Street's top-and-bottom-line estimates for Best Buy (BBY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2026.