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Best Buy Surges on Earnings. Its 5% Yield Looks Even Better
Barrons.com114d agobullish
Best Buy Surges on Earnings. Its 5% Yield Looks Even Better

Best Buy is known for its laptops and smartphones. Best Buy stock surged nearly 17% Thursday after the electronics chain reported first-quarter operating earnings of $1.28 a share, up from $1.15 a year earlier—helped by higher margins and a 2% bump in same-store sales. Best Buy, meanwhile, stoked the uncertainty further when it announced in April that CEO Corie Barry would step down Oct. 31, to be replaced by longtime company veteran Jason Bonfig.

Best Buy Q1 Earnings Call Highlights
MarketBeat114d agobullish
Best Buy Q1 Earnings Call Highlights

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. CEO Corie Barry said the retailer generated revenue of $8.9 billio

Best Buy stock pops on first quarter earnings beat
Proactive114d agobullish
Best Buy stock pops on first quarter earnings beat

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...

Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth
Reuters114d agobullish
Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth

U.S. electronics retailer Best Buy forecast second-quarter sales above Wall Street expectations after beating Q1 estimates on Thursday, amid steady demand for ‌laptops and smartphones and growth in its ads and marketplace channels. CEO Corie ‌Barry is set to step down at the end of October and will be succeeded by Jason Bonfig, ​a company veteran who is expected to focus on expanding its higher-margin advertising and marketplace businesses. Best Buy has been "scaling new profit ⁠streams like Best Buy Ads and Marketplace that we expect to provide considerable benefit over time," Barry said.