Best Buy Co., Inc. (BBY) Earnings Call Transcripts

Best Buy Co., Inc.'s Latest Earnings Call - Q1 FY2027

Best Buy Co., Inc. reported its Q1 FY 2027 earnings on May 28, 2026, with revenue of $8.9 billion, reflecting a 1.9% year-over-year increase and exceeding expectations. Adjusted diluted EPS grew 11% to $1.28, driven by a 2% increase in comparable sales, which surpassed the company's guidance of approximately 1%. Management maintained its full-year guidance, indicating confidence in continued growth despite challenges in certain categories like appliances.

Reported metrics

Guidance from management

Best Buy maintained its full-year guidance, projecting revenue between $41.2 billion and $42.1 billion, with adjusted EPS of $6.30 to $6.60. Management expressed confidence in achieving these targets despite ongoing challenges in certain categories.

What management said

Yes. So as Corie talked about, obviously, the vast majority of we'll be flowing we'll be flowing back to our vendors. And we're in conversations that as they want to deliver value back to our customers, especially customers that purchased in Best Buy locations and made that choice, we have a lot of tools, both not only in our physical store environment, but also through our digital channels to allow them to do that. ...

The last thing that I would say is I think about tariffs is a little bit of a corollary to the memory situation. Obviously, we talked about making price adjustments as the last resort throughout the better part of the last year. But I think it's important to note while it impacted some parts of the assortment, it did not result in oral ASP increases at the blended enterprise level, which I think just underscores the ...

What analysts pressed on

Analysts raised concerns about the ongoing pressures in the appliances category, questioning the sustainability of recent improvements. There were also inquiries regarding the potential impact of supply chain issues and pricing pressures on margins moving forward.

Main topics on the call

• Revenue Growth and Comparable Sales — Best Buy achieved revenue of $8.9 billion, up 1.9% YoY, with comparable sales increasing 2%, exceeding the guidance of approximately 1%. CEO Corie Barry stated, "We are pleased with our progress and both delivered anothe...
• Strong Performance in Gaming and Emerging Categories — The gaming category saw strong sales across major consoles, contributing to overall growth. Additionally, newer categories like AI glasses and collectibles doubled in sales compared to last year, indicating a shift in co...
• Management Transition and Future Strategy — Corie Barry announced her upcoming departure as CEO, with Jason Bonfig set to take over. Barry expressed confidence in Bonfig's vision, stating, "He is the right person with the right vision to further accelerate our str...
• Challenges in Appliances Category — The appliances category continued to face pressure, with sales declining YoY. However, management noted improvements in May, attributing it to better delivery speed and competitive pricing strategies.

Read the full Best Buy Co., Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 Best Buy Co., Inc. earnings call transcripts on record, spanning February 27, 2020 to May 28, 2026. Based on this history, Best Buy Co., Inc. reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BBY

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

43

First call

February 27, 2020

Most recent

May 28, 2026

Reporting cadence

quarterly