---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-24-000003"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:34:58.848660+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Best Buy Q4 comparable sales down 4.8%; non-GAAP EPS $2.72; raises dividend 2%; guides FY25 EPS $5.75-$6.20

## Summary
- 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%.

## SEC filing metadata
- accession: 0000764478-24-000003
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447824000003/0000764478-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447824000003/bby-20240229x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-24-000003
- JSON: https://secwatch.observer/filing/0000764478-24-000003.json
- Plain text: https://secwatch.observer/filing/0000764478-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764478/000076447824000003/0000764478-24-000003-index.htm

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