Best Buy Co. Inc. Releases Transcript for Q1 2026 Earnings Call

Reuters
30 May
Best Buy Co. Inc. Releases Transcript for Q1 2026 Earnings Call

Best Buy Co. Inc. has released the transcript of their First Quarter 2026 Earnings Call, held on May 29, 2025. The event was attended by key corporate participants including Corie Barry, Chief Executive Officer and Director, and Matthew Bilunas, Chief Financial Officer, along with analysts from various financial institutions. During the call, Corie Barry highlighted the company's strategic navigation through a complex macroeconomic environment, stating, "They've employed a calm strategic and steadfast approach with their ultimate focus on our customers." Despite first-quarter revenue being slightly below the previous year, Best Buy delivered better-than-expected profitability, with Barry emphasizing a "relentless focus on elevating our unique customer experience." The discussion also touched upon the impact of the current tariff environment on the industry and the importance of international trade, with Barry noting, "The consumer electronics supply chain is highly global, technical and complex." The company also reported an improvement in their domestic relationship Net Promoter Score, indicating increased consumer likelihood to recommend Best Buy. Matthew Bilunas addressed concerns about demand, acknowledging a slower start to the quarter but noting improvements as the year progressed. The full transcript can be accessed through the link below.

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