Best Buy Profit Rises in First Quarter

Best Buy Co Inc. (BBY) reported an increase in net income for the fiscal first quarter ended May 2026, the company said on May 28. The bottom-line improvement reflected ongoing cost-cutting efforts and margin stabilization amid a competitive retail landscape. Specific financial figures for the quarter were not immediately available. Best Buy has been streamlining operations and emphasizing higher-margin services to offset softer demand for electronics. Shares of Best Buy moved slightly higher in premarket trading following the announcement.