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Electronics retailer Best Buy (NYSE:BBY) reported Q1 CY2026 results topping the market’s revenue expectations, with sales up 1.9% year on year to $8.94 billion. The company expects the full year’s revenue to be around $41.65 billion, close to analysts’ estimates. Its non-GAAP profit of $1.28 per share was 4.3% above analysts’ consensus estimates.
Wall Street has issued downbeat forecasts for the stocks in this article. These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Joining me on the call today are Corie Barry, our CEO; Matt Bilunas, our Chief Financial and Strategy Officer; and Jason Bonfig, our Chief Customer, Product and Fulfillment Officer. During the call today, we will be discussing both GAAP and non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures and an explanation of why these non-GAAP financial measures are useful can be found in this morning's earnings release, which is available on our website, investors.bestbuy.com.
Best Buy's (BBY) sharp rally following stronger-than-expected fiscal first-quarter results leaves th
US consumers keep spending selectively as value-focused retailers beat expectations despite inflation and higher gas costs.
In Q1, the retailer posted enterprise revenue of $8.94bn compared to $8.76bn a year earlier.
Moby summary of Best Buy Co., Inc.'s Q1 2027 earnings call
Pre-Market Stock Futures: Futures are trading higher after yet another winning day for Wall Street, as all major indices finished the day higher after starting the session lower. Once again, all four indices we track for readers posted all-time highs as the AI/Data Center, Memory Chip rally continues to roll on. Healthcare and consumer stocks ... Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowfl
Best Buy’s fiscal first-quarter earnings beat Wall Street estimates.
Shares of electronics retailer Best Buy (NYSE:BBY) jumped 18.1% in the afternoon session after the company reported impressive first quarter results which exceeded analysts sales and earnings estimates.
Best Buy Co. Inc. (NYSE:BBY) is one of the 11 Stocks Racking Up Monstrous Gains. Best Buy saw its share prices jump by 15.80 percent on Thursday to close at $74.74 apiece after posting a stellar earnings performance and beating its sales outlook for the first quarter of fiscal year 2027. In an earnings call […]
Best Buy Co Inc (BBY) surpasses expectations with a 2% increase in comparable sales and unveils exclusive RGB TV technology.
Despite high energy costs and persistent inflation, people are still spending on technology.
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.58%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.84%. June E-mini S&P futures (ESM26 ) rose +0.59%, and June E-mini Nasdaq futures...
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.
BBY beats Q1 FY27 estimates as comps turn positive, margins rebound and guidance holds ahead of a CEO transition.
Best Buy (BBY) maintained its full-year guidance as the electronics retailer's fiscal first-quarter
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 (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 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 $1.22, while total revenue rose to...
With earnings from major big box retailers, including Best Buy (BBY), Target (TGT), Costco COST) and Walmart (WMT) in focus, Yahoo Finance Executive Editor asks: who is the top-positioned retailer? PNC Asset Management Group CIO Amanda Agati joins Yahoo Finance Senior Reporter Brooke DiPalma and Senior Business Reporter Ines Ferre on Opening Bid to break down the retail giants and who stands out as the industry leader.
Jason Bonfig plans to approach every decision, process and customer interaction by asking how it makes the customer experience better.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.14%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. June E-mini S&P futures (ESM26 ) are down -0.17%, and June E-mini Nasdaq futures...
🌳 Dollar Tree (DLTR) logged higher profit and revenue in its fiscal first quarter, as consumers turned to the company for low-cost goods. “Our model is built for environments like this,” CEO Mike Creedon said.
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.
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