---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-24-000031"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2024-08-29T23:59:59+00:00"
generated_at: "2026-05-31T07:04:48.457272+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Best Buy Q2 comparable sales -2.3% (improved from -6.2%); raises FY25 EPS outlook

## Summary
- Revenue $9.288B, down 3.1% YoY; GAAP EPS $1.34 (+7%), non-GAAP EPS $1.34 (+10%).
- Comparable sales decline of 2.3% improved from -6.2% last year; tablets/computing up 6%.
- FY25 guidance updated: revenue $41.3-$41.9B, comparable sales -3.0% to -1.5%, non-GAAP EPS raised to $6.10-$6.35.
- Q3 FY25 expected comparable sales -1.0%; non-GAAP operating income rate ~3.7%.
- Quarterly dividend of $0.94/share declared, payable Oct 10, record Sep 19; $301M returned to shareholders in Q2.

## SEC filing metadata
- accession: 0000764478-24-000031
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2024-08-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447824000031/0000764478-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447824000031/bby-20240829x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-24-000031
- JSON: https://secwatch.observer/filing/0000764478-24-000031.json
- Plain text: https://secwatch.observer/filing/0000764478-24-000031.txt

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