Best Buy reported fiscal Q1 2027 revenue of $8.94 billion, up from $8.77 billion a year earlier, fueled by a 2.0% increase in enterprise comparable sales that broke a multi-quarter declining streak. Growth was led by demand in gaming, computing, and mobile phones, which easily offset a 13.6% plunge in appliances. Net income climbed to $276 million ($1.31 per diluted share), while adjusted EPS rose 11% to $1.28, beating Wall Street estimates of $1.23. Alongside the results, BBY announced that CEO Corie Barry will step down later this year, with Jason Bonfig named as her successor.
Note: Best Buy's FY'26 ended on January 31, 2026. Q1'27 refers to the quarter that ended on May 2, 2026.
Best Buy reiterated its FY27 guidance of $41.2B to $42.1B in revenue, -1.0% to 1.0% comparable sales, and $6.30 to $6.60 adjusted EPS. Management projects full-year capex at $750M, $300M in share buybacks, and an operating income rate of 4.3% to 4.4%. For Q2, comp sales are expected to rise roughly 1.0%, balancing a strong May with a tough prior-year gaming comparison, with an operating income rate of about 3.9%. Driven by innovation rollouts like RGB TVs, high-margin ads, and Marketplace growth, BBY remains confident in demand stability despite value-conscious consumer trends.
Below are key drivers of Best Buy's value that present opportunities for upside or downside to the current Trefis price estimate for Best Buy.
For additional details, select a driver above or select a division from the interactive Trefis split for Best Buy at the top of the page.
Best Buy is the largest specialty retailer of consumer electronics in the U.S., selling a variety of brands of electronic devices such as TVs, home theater systems, cameras, appliances, computers, mobile phones, video games, software, and repair & installation services to consumers across the country under different store brands. It operates a click-and-mortar strategy, wherein it uses online channels as an effective way to boost store sales and allocates any sales made online, to its stores. Best Buy competes primarily with retailers such as Walmart, Amazon, Target, and Costco.
The Domestic segment remains the largest contributor to Best Buy's overall valuation due to its scale and profitability.
Best Buy benefits from strong brand recognition and a nationwide store footprint, allowing it to capture significant share in categories such as TVs, appliances, and computing devices.
The company's Geek Squad and membership offerings create a differentiated value proposition, driving recurring revenue and higher customer lifetime value.
Following pandemic-driven demand spikes, the consumer electronics market is undergoing normalization. Replacement cycles are lengthening, impacting near term sales, though long term demand remains intact.
Best Buy is actively pivoting toward services and memberships to offset cyclicality in product sales, aiming to build a more resilient and predictable revenue model.
