Stock Track | Best Buy Soars 11.21% Intraday on Strong Q1 Earnings Beat and Upbeat Q2 Sales Forecast

Stock Track

May 28

Best Buy's stock soared 11.21% during intraday trading on Thursday, driven by the company's impressive first-quarter financial results and optimistic outlook.

The electronics retailer reported adjusted earnings per share of $1.28 for Q1 FY27, beating the consensus estimate of $1.23. Revenue reached $8.94 billion, surpassing expectations of $8.83 billion, while comparable sales grew 2%, significantly above the anticipated 0.96%. The company also forecast second-quarter comparable sales growth of about 1%, which exceeded analyst projections and signaled continued strength.

Growth was fueled by strong demand in gaming, computing, and mobile phone categories, alongside expansion in higher-margin businesses like Best Buy Ads and Marketplace. The maintained full-year guidance and incoming CEO Jason Bonfig's outlined strategic priorities further bolstered investor confidence.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/1190057526"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1190057526\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1190057526?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-28 21:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190057526","market":"nz","top_or_hot":-1,"title":"Stock Track | Best Buy Soars 11.21% Intraday on Strong Q1 Earnings Beat and Upbeat Q2 Sales Forecast","media":"Stock Track","content":"<p>Best Buy's stock soared 11.21% during intraday trading on Thursday, driven by the company's impressive first-quarter financial results and optimistic outlook.</p><p>The electronics retailer reported adjusted earnings per share of $1.28 for Q1 FY27, beating the consensus estimate of $1.23. Revenue reached $8.94 billion, surpassing expectations of $8.83 billion, while comparable sales grew 2%, significantly above the anticipated 0.96%. The company also forecast second-quarter comparable sales growth of about 1%, which exceeded analyst projections and signaled continued strength.</p><p>Growth was fueled by strong demand in gaming, computing, and mobile phone categories, alongside expansion in higher-margin businesses like Best Buy Ads and Marketplace. The maintained full-year guidance and incoming CEO Jason Bonfig's outlined strategic priorities further bolstered investor confidence.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Best Buy Soars 11.21% Intraday on Strong Q1 Earnings Beat and Upbeat Q2 Sales Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Best Buy Soars 11.21% Intraday on Strong Q1 Earnings Beat and Upbeat Q2 Sales Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-28 21:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Best Buy's stock soared 11.21% during intraday trading on Thursday, driven by the company's impressive first-quarter financial results and optimistic outlook.</p><p>The electronics retailer reported adjusted earnings per share of $1.28 for Q1 FY27, beating the consensus estimate of $1.23. Revenue reached $8.94 billion, surpassing expectations of $8.83 billion, while comparable sales grew 2%, significantly above the anticipated 0.96%. The company also forecast second-quarter comparable sales growth of about 1%, which exceeded analyst projections and signaled continued strength.</p><p>Growth was fueled by strong demand in gaming, computing, and mobile phone categories, alongside expansion in higher-margin businesses like Best Buy Ads and Marketplace. The maintained full-year guidance and incoming CEO Jason Bonfig's outlined strategic priorities further bolstered investor confidence.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBY","symbol_name":"百思买","start_time":0,"source_url":"","article_id":"1190057526","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190057526","pubTimestamp":1779975966,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Best Buy's stock soared 11.21% during intraday trading on Thursday, driven by the company's impressive first-quarter financial results and optimistic outlook.The electronics retailer reported...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BBY":"百思买"},"translate_title":"个股追踪|百思买盘中大涨11.21%，Q1盈利强劲，Q2销售预期乐观","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBY":1},"content_text":"Best Buy's stock soared 11.21% during intraday trading on Thursday, driven by the company's impressive first-quarter financial results and optimistic outlook.The electronics retailer reported adjusted earnings per share of $1.28 for Q1 FY27, beating the consensus estimate of $1.23. Revenue reached $8.94 billion, surpassing expectations of $8.83 billion, while comparable sales grew 2%, significantly above the anticipated 0.96%. The company also forecast second-quarter comparable sales growth of about 1%, which exceeded analyst projections and signaled continued strength.Growth was fueled by strong demand in gaming, computing, and mobile phone categories, alongside expansion in higher-margin businesses like Best Buy Ads and Marketplace. The maintained full-year guidance and incoming CEO Jason Bonfig's outlined strategic priorities further bolstered investor confidence.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"2","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}