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Best Buy (BBY) Q1 2027 earnings

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Best Buy (BBY) Q1 2027 earnings

A person walks outside a Best Buy store on May 29, 2025 in Chicago, Illinois.

Scott Olson | Getty Images

Best Buy on Thursday reported fiscal first-quarter results that beat expectations on the top and bottom lines as the electronics retailer tries to break out of a sales slump.

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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 7% in premarket trading.

“Our comparable sales grew 2% versus last year, higher than our outlook, with positive comps across the majority of our major product categories and strong performance in our Best Buy Ads and Marketplace initiatives,” CEO Corie Barry said in a release. “We also drove operating income rate expansion and EPS growth.”

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More retailers including Walmart and Target have leaned into advertising and third-party marketplace businesses, which offer sales growth with higher profit margins than their traditional merchandise does.

Here’s how Best Buy performed in its fiscal first quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG:

  • Earnings per share: $1.28 adjusted vs. $1.23 expected
  • Revenue: $8.94 billion vs. $8.83 billion expected

For the period ended May 2, Best Buy reported net income of $276 million, or $1.31 per share, up from $202 million, or 95 cents per share, in the year-ago period. Revenue rose slightly to $8.94 billion from $8.77 billion the prior year. Excluding one-time expenses, including charges incurred for restructuring its health business, Best Buy reported adjusted earnings per share of $1.28 per share.

The earnings come just over a month after the company named Jason Bonfig as its new CEO, succeeding Barry in the fall. The leadership change was part of Best Buy’s efforts to increase sales and accelerate its business.

“With this momentum, I believe it is the right time to transition the leadership of Best Buy, and step down as CEO later this year,” Barry said in a statement Thursday.

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Bonfig said in the Thursday release that he’s focused on expanding the company’s reach and elevating the experience for customers as he prepares to take the helm on Nov. 1.

Best Buy has been struggling with a sales slump, taking additional hits from higher tariffs and lower consumer confidence. Last quarter, Barry said the company was seeing a divergence in higher-income shoppers and lower-income shoppers, with softness in higher-cost item sales.

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Chevy Silverado gets V8 power boost, high-tech overhaul for 2027

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Chevy Silverado gets V8 power boost, high-tech overhaul for 2027

Chevrolet is giving its Silverado pickup a major update with new V8 engines, a redesigned exterior and more technology inside the cabin.

The automaker on Tuesday introduced the next-generation 2027 Chevrolet Silverado 1500, calling it the “most powerful Silverado ever” and marking one of the pickup’s biggest updates in years. 

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The truck is expected to go on sale at the end of the year, with pricing to be announced later, according to the company.

“Silverado has earned truck customers’ trust over decades of hard work in the real world,” Scott Bell, vice president of Global Chevrolet, said in a statement. “With the next-generation 2027 Silverado 1500, we’re taking that legacy forward by building the most capable, refined and advanced Silverado lineup we’ve ever offered.”

GM LETTING SOME EV OWNERS SELL ELECTRICITY BACK TO THE US POWER GRID

A 2027 Chevrolet Silverado 1500 Trail Boss in Trillium Metallic, a Silverado 1500 ZR2 in White Sands and a Silverado 1500 High Country in Black are shown, from left, on a mountain overlook.

A 2027 Chevrolet Silverado 1500 Trail Boss in Trillium Metallic, a Silverado 1500 ZR2 in White Sands and a Silverado 1500 High Country in Black are shown, from left, on a mountain overlook. (Chevrolet)

The 2027 Silverado will offer four powertrain options, including new 5.7-liter and 6.6-liter V8 engines. Chevrolet said the truck will have the most powerful naturally aspirated V8 engine in its class. 

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The lineup will also include an updated 2.7-liter TurboMax engine paired with a 10-speed transmission, along with the Duramax 3.0-liter Turbo-Diesel.

“From tough towing scenarios to the daily demands our customers put on their trucks, these next-generation V8s were engineered and proven to perform in the real world,” Mark Dickens, executive chief engineer at Chevrolet, said in a statement.

The 2027 Silverado will come in seven trims, including Work Truck, Custom, Custom Trail Boss, Silverado, Trail Boss, ZR2 and High Country.

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Chevrolet said the new lineup is designed to give buyers more choice, from work-focused trucks to off-road models and more premium versions. 

The ZR2 will be the most off-road-capable version, while the High Country will serve as the top luxury trim.

Inside, every 2027 Silverado will come with a new digital cockpit, including a standard 16.3-inch center display and a 12.2-inch driver information screen. 

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Chevrolet said the Silverado will offer Super Cruise driver-assistance technology with trailering capability, allowing hands-free driving while towing on compatible roads.

The truck also gets a new exterior design, including a stronger front end, new LED headlights and taillights and updated wheel openings.

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The second-row interior of a 2027 Chevrolet Silverado 1500 High Country features Enoki trim and a panoramic sunroof.

The 2027 Chevrolet Silverado 1500 High Country features a panoramic sunroof and a tech-focused interior. (Chevrolet)

“The goal with the new Silverado was to create a truck that looks stronger, more modern with demanding presence at first glance, while staying true to the authentic truck character customers expect from Chevrolet,” Chevrolet Global Executive Design Director Phil Zak said in a statement.

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Additional details, including availability and MSRP, will be released later this year.

Chevrolet last introduced an all-new Silverado in December 2017, when it unveiled the fourth-generation 2019 Silverado, according to the company’s website.

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Major Updates in Government, Finance, Travel, and Culture

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Major Highlights Spanning Government, Finance, Travel, and Culture

Economic and Infrastructure Developments

Land Bridge and Malacca Strait Alternative

Thailand has revived its ambitious $30 billion Land Bridge project, a coast-to-coast corridor designed to challenge the dominance of the Malacca Strait. The proposal aims to create an alternative shipping route across the Thai peninsula, though analysts caution that bypassing Malacca remains a significant logistical and financial challenge given port capacity and regional competition. Reuters | Thailand Business News

Foreign Investment and Financial Inflows

Thailand is experiencing a notable surge in foreign investment, with inflows topping 154 billion baht in the first five months of the year, representing a 73% increase year-on-year. Bloomberg reports that funds are exiting Indonesia in favor of Thailand, signaling growing investor confidence. The government is also launching Thailand FastPass on June 23 to streamline and accelerate the investment approval process. Bloomberg | Nation Thailand

Energy and Offshore Drilling

Valeura Energy has successfully completed its Nong Yao drilling campaign in the Gulf of Thailand, including the region’s first multi-lateral well — a significant technical milestone. The campaign consisted of eight wells and is expected to boost Gulf of Thailand production. Separately, the US has streamlined civil nuclear export approvals to Thailand, stepping up support for the country’s energy diversification ambitions. Thailand Business News | Offshore Engineer Magazine

Semiconductor Ambitions

Thailand is advancing plans to become ASEAN’s semiconductor manufacturing centre, positioning the country as a key player in the global tech supply chain amid ongoing shifts in electronics production away from China. TV BRICS

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Tourism and Travel

Vietnam Challenges Thailand’s Tourism Dominance

Vietnam is rapidly emerging as Southeast Asia’s fastest-growing tourism destination, threatening Thailand’s longstanding regional leadership. Driven by visa-free policy reforms, expanded airline networks, and a surge in Chinese outbound tourism, Vietnam is on track to overtake Thailand in visitor numbers. Thailand recorded a 25% drop in tourists from the Middle East, further pressuring its tourism targets. Travel and Tour World | Nikkei Asia

Visa and Tourism Policy Changes

Thailand is reviewing its visa-free stay policies, joining a global trend prioritizing tourism quality over sheer quantity. Phuket is pushing a hotel levy rising to 3% to generate billion-baht revenue for infrastructure and visitor experience improvements. Meanwhile, Norse Atlantic has expanded Thailand winter flight programs from the UK, Norway, and Sweden. Travel and Tour World | Thailand Business News

Chiang Mai as a Retirement and Expat Hub

Chiang Mai continues to attract retirees and expatriates from around the world, with the city experiencing a 140% boom in women-only co-living spaces. Expats cite the lower cost of living, quality lifestyle, and welcoming community as key draws. Indian couples and international relocators have publicly shared stories of enjoying equivalent rents with significantly better quality of life compared to their home countries. Business Insider | Thailand Business News


Culture, Sports, and Media

T-Pop and Soft Power

Thailand’s music industry is gaining international momentum, with T-Pop increasingly compared to South Korea’s K-Pop phenomenon. Thailand is also leveraging cultural exports, including the popularity of same-sex romance dramas, which have attracted millions of global viewers according to Bloomberg.

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Sports Highlights

Thailand’s national volleyball team secured their first Volleyball Nations League 2026 victory, guided by Sasipapron Janthawisut. Meanwhile, Faridabad bodybuilder Manish Rajput won gold in Thailand, defeating a Pakistani rival. Thailand also features in the newly released Captain Tsubasa II: World Fighters game, with dedicated Japan vs. Thailand gameplay content released. Volleyball World


This summary reflects aggregated news reporting and does not represent editorial positions of any individual publication.

Source : Google News – Search

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Northern Small Cap Value Fund Q1 2026 Commentary

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Don’t Confuse Small-Cap Benchmark With Small-Cap Strategy

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives.

Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes.

As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. Note: This account is not managed or monitored by Northern Trust Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Northern Trust Asset Management’s official channels.

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