---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-23-000003"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T16:33:12.431541+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000764478-23-000003
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447823000003/0000764478-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447823000003/bby-20230302x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-23-000003
- JSON: https://secwatch.observer/filing/0000764478-23-000003.json
- Plain text: https://secwatch.observer/filing/0000764478-23-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764478/000076447823000003/0000764478-23-000003-index.htm

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