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Best Buy

BBY Q1 2027 Earnings

Reported May 28, 2026 at 7:00 AM ET · SEC Source

Q1 27 EPS

$1.28

BEAT +4.32%

Est. $1.23

Q1 27 Revenue

$8.94B

BEAT +1.24%

Est. $8.83B

vs S&P Since Q1 27

+17.7%

BEATING MARKET

BBY +16.4% vs S&P -1.4%

Market Reaction

Did BBY Beat Earnings? Q1 2027 Results

Best Buy posted a stronger-than-expected first quarter for fiscal year 2027, beating Wall Street on both the top and bottom lines and extending its streak of consensus EPS beats to four consecutive quarters. The consumer electronics retailer reported… Read more Best Buy posted a stronger-than-expected first quarter for fiscal year 2027, beating Wall Street on both the top and bottom lines and extending its streak of consensus EPS beats to four consecutive quarters. The consumer electronics retailer reported adjusted diluted EPS of $1.28, clearing the $1.23 consensus estimate by 4.32%, while revenue of $8.94 billion edged past the $8.83 billion expectation and rose 1.9% year over year. A key driver of the earnings improvement was the absence of $109 million in restructuring charges that had weighed on the year-ago quarter, helping GAAP diluted EPS surge 38% to $1.31. Enterprise comparable sales grew 2.0%, a meaningful swing from the negative 0.7% comp a year ago, with the Domestic segment's 1.8% comp growth led by gaming, computing, and mobile. Heading into the back half of the year, management reiterated full-year guidance of $41.2 billion to $42.1 billion in revenue and adjusted diluted EPS of $6.30 to $6.60, even as a CEO transition and ongoing tariff uncertainty continue to weigh on investor sentiment.

Key Takeaways

  • • Comparable sales growth of 2.0% enterprise-wide, driven by gaming, computing, mobile phones, and services
  • • Strong performance from Best Buy Ads and Marketplace initiatives
  • • Domestic gross profit rate expansion to 23.7% from 23.5%, driven by Marketplace and Best Buy Ads growth
  • • International comparable sales growth of 4.7% with favorable foreign exchange impact
  • • Absence of prior-year restructuring charges ($109M in Q1 FY26) boosted GAAP operating income
  • • Domestic online revenue of $2.62 billion, up 1.4% on a comparable basis

BBY Forward Guidance & Outlook

Best Buy reiterated full-year FY27 guidance: revenue of $41.2 billion to $42.1 billion, comparable sales change of (1.0%) to 1.0%, adjusted operating income rate of 4.3% to 4.4%, adjusted effective income tax rate of approximately 25.5%, adjusted diluted EPS of $6.30 to $6.60, and capital expenditures of approximately $750 million. For Q2, comparable sales are expected to grow approximately 1.0% (with May month-to-date comps up high single digits but lapping a strong gaming launch in June), and the Q2 adjusted operating income rate is expected to be approximately 3.9%, flat to last year. The company expects approximately $300 million in share repurchases during FY27.

24/7 Wall St

BBY YoY Financials

Q1 2027 vs Q1 2026, source: SEC Filings

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BBY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q1 27
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BBY Revenue by Geography

Regional revenue distribution

“Today we are pleased to report better-than-expected results for the first quarter. Our comparable sales grew 2% versus last year, higher than our outlook, with positive comps across the majority of our major product categories and strong performance in our Best Buy Ads and Marketplace initiatives. We also drove operating income rate expansion and EPS growth.”

— Corie Barry, Q1 2027 Earnings Press Release

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