Best Buy Q1 adj EPS $1.28 vs est $1.23, rev $8.94B vs est $8.83B; comp sales +2% vs est +0.96%. Maintains FY27 guidance. Sees Q2 adj op income rate ~3.9%, comp sales growth ~1.0%.
Best Buy maintained its FY27 guidance after reporting Q1 adjusted EPS of $1.28, surpassing the $1.23 estimate, and revenue of $8.94 billion vs $8.83 billion expected. Comparable sales grew 2%, beating the 0.96% forecast, and the company expects Q2 comparable sales growth of about 1% and an adjusted operating income rate of about 3.9%.
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