• Reported GAAP EPS of $1.31 up 37.89% YoY • Reported revenue of $8.94B up 1.93% YoY • Best Buy reiterates its full-year FY27 guidance, expecting revenue of $41.2B to $42.1B and adjusted diluted EPS of $6.30 to $6.60. The company anticipates Q2 comparable sales growth of approximately 1.0%.
Bullish
Best Buy delivered strong Q1 FY27 results with 2.0% comparable sales growth and a 38% increase in diluted EPS. The company is successfully scaling new profit streams like Best Buy Ads and Marketplace.
Bearish
Best Buy faced challenges from declining appliance sales and rising SG&A expenses, impacting profitability. The company also experienced a slowdown in its domestic comparable online sales growth to 1.4%.