Best Buy Co., Inc. (NYSE: BBY) just delivered an earnings report for Q1 of its fiscal year 2027 that was exactly what the bulls had been waiting for. One of the most encouraging signs was that comparable sales were up 2%, ahead of guidance. That may sound modest, but context matters. Best Buy had been running negative comps for the better part of two years, so positive territory is genuinely significant.
Digging into the category mix, the largest contributors on a weighted basis were gaming, computing, and mobile phones, with services adding support.
