secwatch.observer — SEC 8-K summary
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Issuer:     BEST BUY CO INC (BBY)
CIK:        0000764478
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000764478-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764478/000076447824000015/0000764478-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764478/000076447824000015/bby-20240530x8k.htm
  HTML page:      https://secwatch.observer/filing/0000764478-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer