---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-24-000015"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2024-05-30T23:59:59+00:00"
generated_at: "2026-06-01T07:32:08.939513+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Best Buy Q1 comparable sales down 6.1%; EPS beats; FY25 guidance reaffirmed

## Summary
- 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.

## SEC filing metadata
- accession: 0000764478-24-000015
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2024-05-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/764478/000076447824000015/0000764478-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447824000015/bby-20240530x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-24-000015
- JSON: https://secwatch.observer/filing/0000764478-24-000015.json
- Plain text: https://secwatch.observer/filing/0000764478-24-000015.txt

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