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%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BEST BUY CO INC reported financial results for the 14-week fourth quarter ended February 3, 2024.

Period: the 14-week fourth quarter ended February 3, 2024
Result: reported results

Exact text from the filing

On February 29, 2024, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the fourth quarter ended February 3, 2024.

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Source: SEC EDGAR

accession 0000764478-24-000003

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