TNB Tech Minute: Best Buy Reports Higher Profit And Rising Sales
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 28 May 2026
⏱️ 3 minutes
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| 0:00.0 | Some follow the noise. |
| 0:03.3 | Bloomberg follows the money. |
| 0:05.4 | Because behind every headline is a bottom line. |
| 0:09.3 | Whether it's the funds fueling AI or crypto's trillion dollar swings, |
| 0:13.8 | there's a money side to every story. |
| 0:16.5 | And when you see the money side, you understand what others miss. |
| 0:20.8 | Get the money side of you understand what others miss. |
| 0:22.3 | Get the money side of the story. |
| 0:25.3 | Subscribe now at Bloomberg.com. |
| 0:33.4 | Here's your afternoon, TNB Tech Minute, for Thursday, May 28th. |
| 0:35.4 | I'm Julie Chang for the Wall Street Journal. |
| 0:39.6 | Best Buy notched a higher profit and rising sales in the first quarter. The electronics retailer today reported a profit of $276 million, up from $202 million a year |
| 0:48.4 | earlier. Revenue rose to nearly $9 billion, slightly above analyst expectations per fact set. |
| 0:55.4 | According to Best Buy, the strongest drivers of domestic sales growth were gaming consoles, |
| 1:00.1 | computing, mobile phones, and services. That was partially offset by a decline in appliance sales. |
| 1:06.0 | Sales of emerging categories, including 3D printers and AI glasses, also doubled year over year. |
| 1:12.9 | D.HL Group's e-commerce unit said it signed a multi-year deal with the U.S. Postal Service for |
| 1:18.7 | last-mile parcel deliveries. The two parties previously signed single-year contracts, but the |
| 1:24.2 | Postal Service has been looking to be more accommodating to its large customers, in part |
| 1:28.4 | by signing multi-year deals. USPS said DHL e-commerce is one of its top three customers, and that |
| 1:34.9 | the latest deal will bring in more than $10 billion in revenue. Amazon remains USPS's biggest customer. |
| 1:42.1 | There had been some hurdles leading up to their latest contract with |
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