secwatch.observer — SEC 8-K summary
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Issuer:     BEST BUY CO INC (BBY)
CIK:        0000764478
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0000764478-23-000049
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/0000764478-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764478/000076447823000049/bby-20231121x8k.htm
  HTML page:      https://secwatch.observer/filing/0000764478-23-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer