Best Buy Q2: comp sales -6.2%, EPS $1.25; FY24 revenue guidance lowered to $43.8-$44.5B

BEST BUY CO INC

2024-Q2 EPS reported $2.36 revenue$19,050,000,000

Q2 revenue $9.58B (-7.1% YoY), comparable sales -6.2%; GAAP diluted EPS $1.25, non-GAAP $1.22.
Domestic revenue $8.89B (-7.1%); online revenue $2.76B (-7.1% comp), flat as % of domestic revenue at 31.0%.
FY24 revenue guidance narrowed to $43.8-$44.5B (from $43.8-$45.2B); comparable sales decline now 4.5%-6.0%.
FY24 non-GAAP op margin guidance raised to 3.9%-4.1%; non-GAAP diluted EPS guidance raised to $6.00-$6.40.
Q3 comparable sales expected slightly better than -6.2%; non-GAAP op margin ~3.4%; dividend $0.92/share declared.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BEST BUY CO INC reported financial results for Q2 FY24.

Period: Q2 FY24
Result: reported results

Exact text from the filing

On August 29, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the second quarter ended July 29, 2023.

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Source: SEC EDGAR

accession 0000764478-23-000038

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