Best Buy reported Q1 results slightly ahead of expectations with positive comps in most categories, led by ninth straight computing growth, fifth straight mobile quarter, and doubled sales in AI glasses and handhelds, while appliances remained negative. Domestic marketplace GMV reached $250 million, lifting overall domestic growth above 4 percent with early positive gross-profit contribution, though scale remains limited. Full-year guidance was left unchanged amid the CEO transition to Jason Bonfig, who positioned advertising, marketplace, and technology as core growth engines alongside new smaller store formats focused on customer experience.

Company: Best Buy Co., Inc. (BBY) — Q1 FY2027

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