Best Buy Q4 comparable sales down 9.3%, EPS $2.23; guides FY24 EPS $5.70-$6.50

BEST BUY CO INC

2023-FY EPS reported $6.29 revenue$46,298,000,000

Q4 revenue $14.74B, down 9.8% YoY; comparable sales decline 9.3%.
GAAP diluted EPS $2.23, non-GAAP $2.61; both down from $2.62 and $2.73 last year.
Board approves 5% dividend increase to $0.92/share, payable April 13 to holders of record March 23.
FY24 guidance: revenue $43.8-$45.2B, comp sales decline 3%-6%, non-GAAP EPS $5.70-$6.50.
Q4 restructuring charges $86M; full-year share repurchases $1.0B.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEST BUY CO INC reported financial results for fourth quarter and fiscal year ended January 28, 2023.

Period: fourth quarter and fiscal year ended January 28, 2023
Result: reported results

Exact text from the filing

On March 2, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the fourth quarter and fiscal year ended January 28, 2023.

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Source: SEC EDGAR

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