{"schema_version":"secwatch.filing_event.v1","accession":"0000764478-23-000049","form_type":"8-K","ticker":"BBY","cik":"0000764478","company_name":"BEST BUY CO INC","filed_at":"2023-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.969775+00:00","generated_at":"2026-06-07T23:03:24.266074+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Best Buy Q3 revenue $9.76B down 7.8% YoY; lowers FY24 revenue and comp guidance","bullets":["GAAP diluted EPS $1.21; non-GAAP diluted EPS $1.29, both down from $1.22/$1.38 YoY.","Enterprise comparable sales fell 6.9%; domestic comps down 7.3%, online down 9.3%.","FY24 revenue guidance lowered to $43.1–43.7B from $43.8–44.5B; comp sales decline now 6.0–7.5%.","Non-GAAP diluted EPS guidance revised to $6.00–6.30 (from $6.00–6.40); quarterly dividend $0.92 payable Jan 2."],"urls":{"canonical":"https://secwatch.observer/filing/0000764478-23-000049","json":"https://secwatch.observer/filing/0000764478-23-000049.json","markdown":"https://secwatch.observer/filing/0000764478-23-000049.md","text":"https://secwatch.observer/filing/0000764478-23-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/0000764478-23-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/bby-20231121x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:03:24.266074+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b3b818a7d52cefee197d7e3761776ffb26982f9","claim":"BEST BUY CO INC updated its FY24 guidance (lowered).","evidence_excerpt":"Based on the sales trends in Q3 and so far in November, we believe it is prudent to lower our annual revenue outlook.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/0000764478-23-000049-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY24"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"b2724df8f3badcff134dafc319b1786e0b940dce","claim":"BEST BUY CO INC updated its the 13-week third quarter ended October 28, 2023 guidance (lowered).","evidence_excerpt":"On November 21, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the third quarter ended October 28, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/0000764478-23-000049-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the 13-week third quarter ended October 28, 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}