secwatch.observer — SEC 8-K summary
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Issuer:     BEST BUY CO INC (BBY)
CIK:        0000764478
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0000764478-22-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764478/000076447822000012/0000764478-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764478/000076447822000012/bby-20220524x8k.htm
  HTML page:      https://secwatch.observer/filing/0000764478-22-000012

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