05/30/2026
Best Buy Returns to Comparable Sales Growth as Gaming and AI PCs Drive Q1 Recovery
Best Buy reported Q1 FY2027 results on May 28, 2026, posting a +2.0% comparable sales gain — its first positive comp in multiple quarters — driven by gaming, computing, and mobile phones. Enterprise revenue rose to $8.94 billion (+1.9% YoY), diluted EPS jumped 38% to $1.31, and operating income surged 69% to $370 million. May month-to-date comps are trending 'high single digits.' Full-year guidance was maintained at $41.2-42.1 billion revenue and $6.30-6.60 adjusted EPS. Tariff risk and a new CEO appointment were also disclosed.
https://www.narrowit.com/news/best-buy-q1-fy27-earnings-gaming-computing-2026-05-30
Best Buy Q1 FY27: comparable sales +2.0%, operating income +69% to $370M, diluted EPS $1.31 (+38%). Gaming and AI PCs drive recovery. May comps trending 'high single digits.'