Best Buy Q1 comps +2%, EPS beat; CEO Barry to step down, Bonfig to succeed

BEST BUY CO INC

Q1 enterprise revenue $8.94B (+1.9% YoY); diluted EPS $1.31 vs $0.95 (+38%); adjusted diluted EPS $1.28 vs $1.15 (+11%).
Domestic comp sales +1.8%, International comp +4.7%; gaming, computing, mobile phones led.
FY27 guidance reaffirmed: revenue $41.2-42.1B, adjusted EPS $6.30-6.60, capex ~$750M.
CEO Corie Barry to step down later 2026; Jason Bonfig, current Chief Customer Officer, becomes CEO effective Nov 1, 2026.
Quarterly dividend $0.96 per share, payable July 9, 2026 to holders of record June 18.

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