On May 28, Best Buy surged 8.47% in regular trading, reaching $70.005 per share with trading volume of $84.74 million. The rally was driven by the company's FY2027 first-quarter earnings report, which exceeded Wall Street expectations across all key metrics.

Best Buy reported adjusted EPS of $1.28, surpassing the consensus estimate of $1.23, while GAAP diluted EPS soared 38% year-over-year to $1.31. Revenue reached $8.94 billion versus expectations of $8.83 billion. Comparable store sales grew 2.0%, sharply rebounding from a 0.7% decline in the prior year and well above the approximately 1% analyst forecast. Domestically, comps rose 1.8%, while international comps climbed 4.7%. Core growth categories included gaming, computing, mobile phones, and services.

The company maintained its FY2027 guidance of $6.30–$6.60 in adjusted EPS and $41.2–$42.1 billion in revenue. Management highlighted the scaling of Best Buy Ads and Best Buy Marketplace as high-margin profit engines. Additionally, executives indicated no significant inventory supply constraints are expected for the remainder of the fiscal year, while an orderly CEO transition plan further bolstered sentiment.

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