secwatch.observer — SEC 8-K summary
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Issuer:     BEST BUY CO INC (BBY)
CIK:        0000764478
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0000764478-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764478/000076447823000003/0000764478-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764478/000076447823000003/bby-20230302x8k.htm
  HTML page:      https://secwatch.observer/filing/0000764478-23-000003

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