{"schema_version":"secwatch.filing_event.v1","accession":"0000764478-22-000041","form_type":"8-K","ticker":"BBY","cik":"0000764478","company_name":"BEST BUY CO INC","filed_at":"2022-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.524144+00:00","generated_at":"2026-06-21T14:30:35.102463+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Best Buy Q3 revenue falls 11% to $10.6B, EPS $1.22; raises FY23 guidance, resumes buybacks","bullets":["GAAP diluted EPS of $1.22 (down from $2.00); non-GAAP diluted EPS of $1.38 (down from $2.08).","Enterprise comparable sales declined 10.4% (Domestic -10.5%, International -9.3%).","Raises FY23 outlook: expects comparable sales decline of ~10% and non-GAAP operating income rate slightly above 4.0%.","Resumes share repurchases; expects ~$1B in buybacks in FY23; declares quarterly dividend of $0.88/share payable Jan 3, 2023.","Merchandise inventories $7.3B, down 14.7% YoY; restructuring costs of $26M in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0000764478-22-000041","json":"https://secwatch.observer/filing/0000764478-22-000041.json","markdown":"https://secwatch.observer/filing/0000764478-22-000041.md","text":"https://secwatch.observer/filing/0000764478-22-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764478/000076447822000041/0000764478-22-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764478/000076447822000041/bby-20221122x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:30:35.102463+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"041fbe731c64d360f73db817f344ac2a3a29d8e3","claim":"BEST BUY CO INC updated its FY23 guidance (raised).","evidence_excerpt":"“We are updating our FY23 outlook to flow through our better-than-expected Q3 results while keeping our Q4 expectations unchanged,” said Matt Bilunas, Best Buy CFO. “We now expect comparable sales to decline approximately 10% and our non-GAAP operating income rate 2 to be slightly higher than 4.0%.”","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447822000041/0000764478-22-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY23"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"a4018bf91af2b5f72af28693c79b153d06b452e2","claim":"BEST BUY CO INC reported Q3 FY23 ended October 29, 2022 results: revenue Enterprise $ 10,587, EPS GAAP diluted EPS $ 1.22 $ 2.00 Non-GAAP diluted EPS $ 1.38 $ 2.08.","evidence_excerpt":"Q3 FY23 Q3 FY22 Revenue ($ in millions) Enterprise $ 10,587 $ 11,910 Domestic segment $ 9,800 $ 10,985 International segment $ 787 $ 925 Enterprise comparable sales % change 1 (10.4) % 1.6 % Domestic comparable sales % change 1 (10.5) % 2.0 % Domestic comparable online sales % change 1 (11.6) % (10.1) % International comparable sales % change 1 (9.3) % (3.0) % Operating Income GAAP operating income as a % of revenue 3.4 % 5.6 % Non-GAAP operating income as a % of revenue 3.9 % 5.8 % Diluted Earnings per Share (\"EPS\") GAAP diluted EPS $ 1.22 $ 2.00 Non-GAAP diluted EPS $ 1.38 $ 2.08","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447822000041/0000764478-22-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q3 FY23 ended October 29, 2022"},{"label":"Revenue","value":"Enterprise $ 10,587"},{"label":"EPS","value":"GAAP diluted EPS $ 1.22 $ 2.00 Non-GAAP diluted EPS $ 1.38 $ 2.08"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}