---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-25-000014"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2025-05-29T23:59:59+00:00"
generated_at: "2026-05-20T07:09:54.715990+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Best Buy Q1 adjusted EPS $1.15; cuts FY26 guidance due to tariffs; comp sales -0.7%

## Summary
- Enterprise revenue $8.77B (down 0.9% YoY); comparable sales -0.7% (vs -6.1% prior year).
- GAAP diluted EPS $0.95; adjusted diluted EPS $1.15 (vs $1.20 prior year).
- FY26 adjusted EPS guidance cut to $6.15-$6.30 from $6.20-$6.60; comp sales -1% to +1%.
- Q2 guidance: comparable sales slightly down; adjusted operating income rate ~3.6%.
- Quarterly dividend $0.95/share declared; $100M share repurchases in Q1.

## SEC filing metadata
- accession: 0000764478-25-000014
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2025-05-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447825000014/0000764478-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447825000014/bby-20250529x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-25-000014
- JSON: https://secwatch.observer/filing/0000764478-25-000014.json
- Plain text: https://secwatch.observer/filing/0000764478-25-000014.txt

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