---
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"
generated_at: "2026-06-07T23:03:24.266074+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Best Buy Q3 revenue $9.76B down 7.8% YoY; lowers FY24 revenue and comp guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/764478/000076447823000049/0000764478-23-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/bby-20231121x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-23-000049
- JSON: https://secwatch.observer/filing/0000764478-23-000049.json
- Plain text: https://secwatch.observer/filing/0000764478-23-000049.txt

## Key facts
- Earnings Releases
  BEST BUY CO INC updated its FY24 guidance (lowered).
  - Period: FY24
  - Guidance: lowered
  - Result: guidance update
  source text: Based on the sales trends in Q3 and so far in November, we believe it is prudent to lower our annual revenue outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/0000764478-23-000049-index.htm
- Earnings Releases
  BEST BUY CO INC updated its the 13-week third quarter ended October 28, 2023 guidance (lowered).
  - Period: the 13-week third quarter ended October 28, 2023
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/0000764478-23-000049-index.htm

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