BBY BEST BUY CO INC
Price Chart
Executive Summary
Best Buy reported Q1 FY27 results with revenue of $8.936B (above guidance of ~1% comp growth, actual 2.0%) and GAAP diluted EPS of $1.31. However, adjusted diluted EPS of $1.28 missed the consensus estimate of $1.34 by 4.4%. The company reiterated its full-year FY27 guidance (revenue $41.2B-$42.1B, adjusted EPS $6.30-$6.60). Comparable sales grew 2.0%, driven by gaming, computing, mobile phones and services, while appliances declined. The CEO announced a planned transition later this year.
Key Financial Metrics
Actionable Insight
The EPS miss vs consensus (-4.4%) combined with maintained full-year guidance creates a mixed read. The strong 2.0% comp and 38% GAAP EPS growth are positive, but the adjusted EPS miss signals margin pressure from investments. Watch for Q2 comparable sales trajectory (guidance ~1.0%, with May month-to-date up high single digits) and the CEO transition timeline. No immediate catalyst for sustained upside beyond the current quarter's momentum.
Key Facts
- Q1 FY27 enterprise revenue $8.936B, up 1.9% YoY from $8.767B
- GAAP diluted EPS $1.31 vs $0.95 YoY (+38%); adjusted diluted EPS $1.28 vs $1.15 YoY (+11%)
- Adjusted EPS $1.28 missed consensus estimate of $1.34 (miss of 4.4%)
- Enterprise comparable sales +2.0% vs guidance of approximately 1.0%
- Domestic online revenue $2.62B +1.4% comparable; online mix flat at 31.7%
- Full-year FY27 guidance reiterated: revenue $41.2B-$42.1B, adj. EPS $6.30-$6.60
- CEO Corie Barry to step down; Jason Bonfig named incoming CEO effective Nov 1, 2026
- Operating cash flow $375M vs $34M in prior year quarter
- Domestic gross profit rate improved 20bps to 23.7%; adjusted operating income rate 4.1%
- Revenue category reclassification moved credit card/digital content revenue into services
Financial Impact
Revenue beat internal guidance ($8.936B vs ~$8.8B implied) but adjusted EPS missed consensus. Full-year guidance maintained, providing stability without incremental upside.
Risk Factors
- Adjusted EPS missed consensus by 4.4%, potentially disappointing momentum-driven investors
- Full-year guidance maintained but provides no earnings growth acceleration catalyst
- CEO transition introduces leadership uncertainty through November 2026
- Appliance category declining 13.6% domestically signals consumer discretionary pressure on big-ticket items
- International gross profit rate declining 50bps to 21.5% on lower product margins
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000764478-26-000018 |
| Document: bby-fy27q1xexx991.htm | 0000764478-26-000018 |
| Document: bby-20260528.htm | 0000764478-26-000018 |
| Document: 0000764478-26-000018-index-headers.html | 0000764478-26-000018 |
| Document: 0000764478-26-000018-index.html | 0000764478-26-000018 |
| Document: 0000764478-26-000018.txt | 0000764478-26-000018 |
| 8-K Data (Synthetic) | 0000764478-26-000018 |
Track record builds as more directional reports settle.
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Jun 2, 2026
10d ago
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Insider Cluster
| $71.69 $70.94 | ▲ +1.05% | ▲ +1.45% | $78.53 (−9.55%) |
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May 28, 2026
15d ago
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8-K
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Apr 22, 2026
7w ago
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8-K
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Mar 23, 2026
11w ago
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Insider Cluster
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US Market Status
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