Best Buy $BBY climbs 15% as Q1 EPS rises 38% to $1.31

Best Buy $BBY climbed 15% after Q1 FY2027 results showed positive comparable sales and a 38% increase in diluted EPS. The company reported enterprise revenue of $8.936B for the 13 weeks ended May 2, 2026, up from $8.767B a year earlier.

Comparable sales increased 2.0%, reversing a 0.7% decline in the prior-year period. Domestic comparable sales rose 1.8%, domestic online comparable sales rose 1.4%, and international comparable sales rose 4.7%. Operating income as a percentage of revenue improved to 4.1% from 2.5%, while adjusted operating income as a percentage of revenue improved to 4.1% from 3.8%.

Diluted EPS increased to $1.31 from $0.95, and adjusted diluted EPS rose to $1.28 from $1.15. The retailer reiterated FY2027 guidance for revenue of $41.2B-$42.1B, comparable sales between a 1.0% decline and 1.0% growth, adjusted operating income rate of 4.3%-4.4%, and adjusted diluted EPS of $6.30-$6.60.

The report also included a leadership change. Best Buy said CEO Corie Barry will step down later in 2026, with Jason Bonfig, chief customer, product and fulfillment officer, becoming CEO effective November 1, 2026. That gives investors a defined transition date while the company works to turn gaming, computing, mobile phones, services, advertising, and marketplace initiatives into steadier growth.

The next checkpoint is Q2 comparable sales, which management framed at about 1.0% growth as the company laps a gaming launch from the prior year.

Not investment advice. Verify all figures with primary sources before acting.