Best Buy

BBY

Market cap $16.4B

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.96 per common share. The quarterly dividend is payable on July 9, 2026, to shareholders of record as of the close of business on June 18, 2026. The company had 210,718,220 shares of common stock issued and outstanding as of May 2, 2026.

BBY beats Q1 FY27 estimates as comps turn positive, margins rebound and guidance holds ahead of a CEO transition.

Best Buy is on track to hit its full-year earnings targets. Income-seekers may appreciate Best Buy's sizable 5% dividend yield.

Shares of Best Buy (BBY) surged 18% on Thursday after the electronics retailer reported stronger-than-expected first-quarter earnings, boosted by higher margins and modest sales growth. The stock rally followed quarterly operating earnings of $1.28 per share, up from $1.15 a year earlier.

Best Buy Co., Inc. (BBY) Q1 2027 Earnings Call Transcript

The company doesn't need to be a blockbuster growth stock to keep investors happy.

U.S. stocks were higher, with the Nasdaq Composite gaining around 200 points on Thursday.

Best Buy (NYSE:BBY) reported better-than-expected first-quarter financial results.

Best Buy NYSE: BBY reported better-than-expected first-quarter fiscal 2027 results, with comparable sales rising 2% from a year earlier and adjusted earnings per share increasing 11%, executives said on the company's earnings call.

Best Buy Co Inc (NYSE:BBY) shares jumped 17% after the retailer's first quarter earnings topped Wall Street expectations and the company reaffirmed its full-year outlook. The company reported adjusted earnings per share of $1.28, topping analyst estimates of $1.22, while total revenue rose to $8.94 billion, above expectations of $8.82 billion.