Best Buy: Q1 Beat Leaves Modest Upside — Income-First Trade Around a 5% Yield
Best Buy reported a better-than-expected Q1 with revenue of $8.94B, comparable sales +2%, and margin expansion. At $78, the stock offers a near-5% yield and reasonable valuation metrics (P/E ~14.4, EV/EBITDA ~6.1), making a short-to-mid-term income trade attractive. Upside to the prior highs is limited, so this is a yield-first, risk-managed long r…