Best Buy Co., Inc. NYSE: BBY just delivered an earnings report for Q1 of its fiscal year 2027 that was exactly what the bulls had been waiting for. One of the most encouraging signs was that comparable sales were up 2%, ahead of guidance.
BBY beats Q1 FY27 estimates as comps turn positive, margins rebound and guidance holds ahead of a CEO transition.
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.