Best Buy (BBY) Q1 2027 earnings
The post Best Buy (BBY) Q1 2027 earnings appeared on BitcoinEthereumNews.com. A person walks outside a Best Buy store on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported first fiscal-quarter results that beat expectations on the top and bottom lines as the electronics retailer tries to break out of a sales slump. The company said revenue climbed slightly, driven by comparable sales growth of 2%. It reaffirmed its full-year guidance of revenue between $41.2 billion and $42.1 billion, in addition to adjusted earnings per share of $6.30 to $6.60. It expects comparable sales in the range of a decline of 1% to an increase of 1%. The company said its biggest growth drivers in the quarter were gaming, computing, mobile phones and services, which were partially offset by a decline in sales of appliances. Shares of Best Buy rose roughly 7% in premarket trading. “Our comparable sales grew 2% versus last year, higher than our outlook, with positive comps