Best Buy releases transcript of Q1 FY2027 earnings call

Best Buy Co.,Inc.

BBY

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Best Buy Q1 FY27 earnings call featured CEO Corie Barry, CFO Matthew Bilunas, IR head Mollie O’Brien, incoming CEO Jason Bonfig.
Q1 results beat expectations: revenue USD 8.9 billion, comparable sales +2%, adjusted operating income rate 4.1%, adjusted diluted EPS USD 1.28.
CEO transition set for Nov. 1, with Bonfig to take over; strategy shifts toward a retail, media, advertising, technology model.
Guidance maintained: revenue USD 41.2 billion-USD 42.1 billion, comparable sales -1% to +1%, adjusted EPS USD 6.3-USD 6.6.
RGB TV rollout to fully launch mid-June with roughly one-year national exclusivity; Q2 comp outlook about +1% amid a roughly USD 200 million Switch 2 lap.

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