earnings
confidence high
sentiment positive
materiality 0.65
Best Buy Q1 comparable sales down 6.1%; EPS beats; FY25 guidance reaffirmed
BEST BUY CO INC
2025-Q1 EPS reported
$1.13
revenue$8,847,000,000
- GAAP diluted EPS $1.13 (up 2% YoY); Non-GAAP diluted EPS $1.20 (up 4% YoY); revenue $8.847B, down 6.5%.
- Comparable sales declined 6.1% (Domestic -6.3%, International -3.3%); online sales -6.1%.
- FY25 guidance reaffirmed: revenue $41.3-$42.6B, comparable sales -3% to 0%, non-GAAP EPS $5.75-$6.20.
- Q2 FY25 comparable sales expected to decline ~3%; non-GAAP operating income rate ~3.5%.
- Quarterly dividend of $0.94 per share declared; payable July 11, 2024 to holders of record June 20, 2024.