NYSE$BBY

Best Buy Co Inc · Q1 2027 earnings

Q1 2027 earnings · · Before market open · Investor relations

Briefing

Best Buy reported Q1 FY27 results with enterprise comparable sales up 2.0% and diluted EPS increasing 38% to $1.31.

Best Buy Co., Inc. announced results for the 13-week first quarter ended May 2, 2026. Enterprise revenue reached $8.936 billion with comparable sales growth of 2.0%, driven by strength in gaming, computing, and services. The company delivered operating income of $370 million and reiterated its full-year FY27 adjusted diluted EPS guidance of $6.30 to $6.60.

  • Enterprise comparable sales increased 2.0% year-over-year, exceeding expectations with positive comps across most major categories.
  • Diluted EPS rose 38% to $1.31 while adjusted diluted EPS grew 11% to $1.28.
  • Domestic revenue grew 1.5% to $8.249 billion and international revenue increased 7.3% to $687 million.
  • Company reiterated FY27 guidance including revenue of $41.2B-$42.1B and adjusted diluted EPS of $6.30-$6.60.

Headline financials

Total Revenue

$8.94B

Previous: $8.77B+1.9%
EPS (adj)

$1.28

Previous: $1.15+11.3%
Enterprise comparable sales

2.0%

No prior period
Domestic comparable sales

1.8%

No prior period
Domestic comparable online sales

1.4%

No prior period
International comparable sales

4.7%

No prior period
Capital Expenditures

-$160M

Previous: -$166M+3.6%
Free Cash Flow

$215M

Previous: $36M+497.2%
Net Income

$276M

Previous: $202M+36.6%
Operating Income

$370M

Previous: $219M+68.9%
Gross Profit

$2.1B

Previous: $2.05B+2.6%
Cash & Equivalents

$1.75B

Previous: $1.15B+52.5%
Total Assets

$14.9B

Previous: $14.1B+5.4%

Revenue & EPS history

Best Buy · Revenue · Quarterly

$8.94B

Q1 2027+1.9%vs Q1 2026
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Best Buy · $8.94B total across 2 segments · Q1 2027

  • Domestic segment
    $8.25B
  • International segment
    $687M

Forward guidance

Company reiterated full-year FY27 guidance and provided Q2 outlook.

Tailwinds

  • Comparable sales started strong in May with high single-digit growth month-to-date.
  • Maintaining FY27 adjusted diluted EPS guidance of $6.30 to $6.60.

Headwinds

  • Q2 comparable sales outlook approximately 1.0% as company laps prior year gaming launch.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

-0.6%

Avg return

30 days after

50%

36 / 72 earnings

Positive

+20.4%

Q2 2016

Best reaction

-16.8%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+13.3%+8.3%+4.7%
Q3 2026+4.4%+4.8%-7.8%
Q2 2026-3.8%-1.3%+0.9%
Q1 2026-7.1%-2.3%-4.6%
Q4 2025-13.3%-8.5%-28.3%
Q3 2025-5.2%-3.3%-3.9%
Q2 2025+14.4%+15.0%+16.5%
Q1 2025+18.0%+22.2%+17.2%
Q4 2024-2.2%-4.7%+2.9%
Q3 2024-0.1%+2.1%+11.3%
Q2 2024+2.5%+1.6%-7.0%
Q1 2024+7.5%+6.1%+14.4%
Q4 2023+0.9%-0.3%-5.2%
Q3 2023+16.3%+14.7%+13.6%
Q2 2023-4.1%-3.5%-11.7%
Q1 2023+10.3%+15.7%-1.8%
Q4 2022+5.2%+0.3%-10.4%
Q3 2022-15.4%-16.8%-28.9%
Q2 2022+8.7%+4.8%-5.3%
Q1 2022-0.6%-1.8%-3.3%
Q4 2021-11.6%-9.6%+5.1%
Q3 2021-6.7%-7.7%-16.0%
Q2 2021-4.3%-5.2%-10.7%
Q1 2021-5.7%-2.5%-0.4%
Q4 2020-7.9%-6.9%-24.0%
Q3 2020+8.7%+8.6%+18.3%
Q2 2020-7.8%-8.4%-1.1%
Q1 2020-4.7%-5.5%-2.4%
Q4 2019+14.1%+11.2%+17.8%
Q3 2019-0.2%+0.6%-19.0%
Q2 2019-4.9%-2.6%-4.2%
Q1 2019-9.9%-10.2%+0.4%
Q4 2018+0.8%+6.0%-3.4%
Q3 2018-2.6%-2.2%+14.0%
Q2 2018-13.3%-12.8%-9.0%
Q1 2018+17.0%+17.6%+9.4%
Q4 2017+1.6%-0.5%+11.4%
Q3 2017+10.7%+15.2%+16.2%
Q2 2017+20.4%+20.4%+17.3%
Q1 2017-2.8%-2.9%-7.8%
Q4 2016+3.1%
Q3 2016-2.6%
Q2 2016+20.4%
Q1 2016+1.6%
Q4 2015+3.0%
Q3 2015+7.0%
Q2 2015-0.9%
Q1 2015+6.5%
Q4 2014-3.1%
Q3 2014-11.1%
Q2 2014+9.8%
Q1 2014-4.3%
Q4 2013+8.3%
Q3 2013-15.9%
Q2 2013-2.4%
Q1 2013+2.2%
Q4 2012-11.0%
Q3 2012-16.8%
Q2 2012-3.8%
Q1 2012+5.5%
Q4 2011+1.9%
Q3 2011+0.6%
Q2 2011+0.7%
Q1 2010-0.2%
Q1 2011-3.6%
Q4 2010+2.6%
Q4 2008+2.6%
Q3 2010-2.4%
Q3 2009-2.4%
Q4 2009+0.9%
Q2 2009+0.9%
Q2 2010+0.9%

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