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Home/News Feed/Best Buy shares jump 17% after Q1 earnings beat and strong sales growth

BBY

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Best Buy shares jump 17% after Q1 earnings beat and strong sales growth

Company Fundamentals

28 May 2026

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Bullish

Best Buy reported Q1 adjusted EPS of $1.28, beating estimates of $1.22, with revenue rising to $8.94 billion, above expectations. Comparable sales grew 2%, reversing last year's decline, driven by strong domestic and international sales. The company improved its operating income margin to 4.1% and reaffirmed its full-year 2027 guidance, expecting revenue between $41.2 billion and $42.1 billion and adjusted EPS of $6.30 to $6.60. CEO Corie Barry highlighted positive sales across major product categories and growth in advertising and marketplace initiatives, while CFO Matt Bilunas noted a strong start to May and steady outlook for Q2 operating income margin.

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