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Best Buy beats Q1 earnings estimates, driven by gaming and computing sales growth.

Company Fundamentals
28 May 2026
CNBC
View Source
Bullish
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Best Buy reported better-than-expected earnings for its first fiscal quarter, with revenue rising slightly to $8.94 billion and adjusted earnings per share of $1.28, surpassing analyst expectations. Growth was driven by strong sales in gaming, computing, mobile phones, and services, offsetting declines in appliances. The company reaffirmed its full-year revenue and earnings guidance and announced a CEO transition, with Jason Bonfig set to replace Corie Barry in the fall as part of efforts to boost sales and accelerate growth. Shares rose about 7% in premarket trading following the report.

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