Best Buy Co. (BBY) said its comparable sales grew 2% for the 13-week first quarter ended May 2, 2026, higher than its outlook, with positive comps across the majority of major product categories and strong performance in Best Buy Ads and Marketplace initiatives. Adjusted operating income rate was 4.1% compared to 3.8%, a year ago.
Matt Bilunas, Best Buy CFO, said. "Comparable sales have started strong in May, with month-to-date growth up high single digits. Our comparable sales outlook for the full quarter is approximately 1.0% growth. We expect our second quarter adjusted operating income rate to be approximately 3.9%, which is flat to last year."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.