---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-22-000033"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2022-08-30T23:59:59+00:00"
generated_at: "2026-06-23T19:48:23.738336+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Best Buy Q2 comp sales -12.1%, GAAP EPS $1.35; FY23 outlook reaffirmed

## Summary
- Revenue $10.33B (-12.8% YoY); comparable sales -12.1% vs +19.6% last year.
- GAAP diluted EPS $1.35, non-GAAP EPS $1.54; operating margin 3.6% GAAP, 4.1% non-GAAP.
- FY23 guidance: comparable sales decline ~11%, non-GAAP op. income rate ~4%.
- Quarterly dividend $0.88/share, payable Oct 11; share repurchases paused in Q2.
- Restructuring initiative started; $34M charge incurred in Q2, more expected in FY23.

## SEC filing metadata
- accession: 0000764478-22-000033
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2022-08-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447822000033/0000764478-22-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447822000033/bby-20220830x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-22-000033
- JSON: https://secwatch.observer/filing/0000764478-22-000033.json
- Plain text: https://secwatch.observer/filing/0000764478-22-000033.txt

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