---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-23-000038"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:39:45.612712+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000764478-23-000038
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447823000038/0000764478-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447823000038/bby-20230829x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-23-000038
- JSON: https://secwatch.observer/filing/0000764478-23-000038.json
- Plain text: https://secwatch.observer/filing/0000764478-23-000038.txt

## Key facts
- Earnings Releases
  BEST BUY CO INC reported financial results for Q2 FY24.
  - Period: Q2 FY24
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764478/000076447823000038/0000764478-23-000038-index.htm

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