Best Buy Q1 comparable sales -8.0%, revenue $10.65B, cuts FY23 guidance

BEST BUY CO INC

2023-Q1 EPS reported $1.49 revenue$10,647,000,000

Revenue $10.65B (down 8.5% YoY); Comparable sales down 8.0% vs +37.2% last year.
GAAP EPS $1.49, Non-GAAP $1.57; both below year-ago $2.32 and $2.23.
FY23 guidance cut: Revenue $48.3-49.9B (prev $49.3-50.8B); comp sales decline 3-6% (prev 1-4%).
Non-GAAP diluted EPS guidance cut to $8.40-9.00 from $8.85-9.15.
Quarterly dividend $0.88/share declared, payable July 5 to record June 14.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.