secwatch.observer — SEC 8-K summary
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Issuer:     BEST BUY CO INC (BBY)
CIK:        0000764478
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0000764478-21-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Best Buy reports Q3 GAAP EPS $2.00, raises FY22 comparable sales outlook to 10.5-11.5%
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- GAAP diluted EPS $2.00 (+35% YoY); Non-GAAP $2.08 (+1% YoY); revenue $11.91B, up slightly YoY.
- Domestic comparable sales +2.0% on top of +22.6% last year; online sales down 10.1% but still double pre-pandemic.
- FY22 enterprise comparable sales raised to 10.5-11.5% from 9-11%; revenue guidance up to $51.8-52.3B.
- Regular quarterly dividend of $0.70/share, payable Jan 4, 2022 to holders of record Dec 14, 2021.
- Returned $577M to shareholders in Q3 via buybacks ($405M) and dividends ($172M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764478/000076447821000065/0000764478-21-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764478/000076447821000065/bby-20211123x8k.htm
  HTML page:      https://secwatch.observer/filing/0000764478-21-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer