07:27 AM EDT, 05/29/2025 (MT Newswires) -- Best Buy Co. ( BBY ) reported fiscal Q1 adjusted earnings Thursday of $1.15 per diluted share, down from $1.20 a year earlier.

Analysts polled by FactSet expected $1.09.

Revenue for the quarter ended May 3 was $8.77 billion, down from $8.85 billion a year earlier.

Analysts surveyed by FactSet expected $8.81 billion.

The electronics retailer updated its fiscal 2026 adjusted earnings guidance to a range of $6.15 to $6.30 per diluted share from its previous guidance of $6.20 to $6.60. Analysts surveyed by FactSet expect $6.13.

Best Buy ( BBY ) also updated its fiscal 2026 revenue guidance to a range of $41.1 billion to $41.9 billion from its previous guidance of $41.4 billion to $42.2 billion. Analysts polled by FactSet expect $41.38 billion.

The company's shares were down 2.1% in recent Thursday premarket activity.