Best Buy (BBY) Q1 2027 Earnings
How Did BBY Stock React to Q1 2027 Earnings?
S&P 500 over the same 30 days: −1.04%.
Did BBY Beat Earnings? Q1 2027 Results
Yes. Best Buy reported Q1 2027 earnings of $1.28 a share on May 28, 2026, beating the $1.23 consensus estimate by 4.3%. Revenue was $8.9B against a $8.8B estimate.
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.
- 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
“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.”
Best Buy CEO, on the earnings call
What Was Best Buy's Outlook in Q1 2027?
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.
BBY YoY Financials
| Metric | Q1 2027 | Q1 2026 | Year over year |
|---|---|---|---|
| Revenue | $8.9B | $8.8B | +1.9% |
| Gross Profit | $2.1B | $2.0B | +2.6% |
| Operating Income | $370.0M | $328.0M | +12.8% |
| Net Income | $276.0M | $202.0M | +36.6% |
BBY Revenue by Segment
BBY Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.