---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-22-000012"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:51:58.466494+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000764478-22-000012
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447822000012/0000764478-22-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447822000012/bby-20220524x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-22-000012
- JSON: https://secwatch.observer/filing/0000764478-22-000012.json
- Plain text: https://secwatch.observer/filing/0000764478-22-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.