earnings
confidence high
sentiment neutral
materiality 0.65
Best Buy Q4 comparable sales down 4.8%; non-GAAP EPS $2.72; raises dividend 2%; guides FY25 EPS $5.75-$6.20
BEST BUY CO INC
2024-FY EPS reported
$5.68
revenue$43,452,000,000
- Q4 comparable sales -4.8%; revenue $14.65B (incl extra week), GAAP EPS $2.12, non-GAAP EPS $2.72.
- FY25 guidance: revenue $41.3-$42.6B, comparable sales -3% to 0%, non-GAAP EPS $5.75-$6.20.
- Dividend raised 2% to $0.94/share quarterly, payable Apr 11 to holders of record Mar 21.
- $169M restructuring charge in Q4 for employee termination benefits; expects $10-30M additional in FY25.
- Q1 FY25 comparable sales expected ~-5%; non-GAAP operating margin ~3.4%.