01:34 PM EDT, 05/28/2026 (MT Newswires) -- Best Buy ( BBY ) maintained its full-year guidance as the electronics retailer's fiscal first-quarter results came in stronger than expected, sending its shares soaring on Thursday.

The company continues to expect fiscal 2027 adjusted per-share earnings of $6.30 to $6.60 on revenue of $41.2 billion to $42.1 billion. Analysts in a FactSet survey are looking for $6.48 in non-GAAP EPS on revenue of $41.75 billion. Comparable sales are still projected to be down 1% to up 1%, while the Street anticipates a 0.4% increase.

For the quarter ended May 2, adjusted EPS rose to $1.28 from $1.15 a year earlier, surpassing the consensus estimate of $1.23. Revenue increased to $8.94 billion from $8.77 billion, while analysts expected $8.82 billion. Comparable sales grew 2%, exceeding the Street's 0.9% growth projection.

Gaming, computing, mobile phones and services drove domestic comparable sales, which rose 1.8%, the company said.

Shares of Best Buy ( BBY ) soared 19% intraday Thursday. The stock is up about 15% since the start of the year.

The company is projecting comparable sales to grow about 1% in the second quarter as it laps last year's "very successful gaming launch" in June, Chief Financial Officer Matt Bilunas said on an earnings call, according to a FactSet transcript.

"Comparable sales have started strong in May, with month-to-date growth up high single digits," Bilunas said in a statement.

It's been years since Best Buy ( BBY ) generated a high-single-digit increase in comparable sales even for a couple-week period, Truist Securities said in a note.

"This start seems to suggest that there could be upside to both (second-quarter) and the full-year guide that they just reiterated," Truist Managing Director Scot Ciccarelli wrote.

As previously announced, Best Buy ( BBY ) Chief Executive Corie Barry will step down later this year, to be replaced by Jason Bonfig, the company's current chief customer, product and fulfillment officer.

Price: 76.60, Change: +12.06, Percent Change: +18.68