secwatch.observer — SEC 8-K summary
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Issuer:     BEST BUY CO INC (BBY)
CIK:        0000764478
Form:       8-K
Filed at:   2025-05-29T23:59:59+00:00
Accession:  0000764478-25-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764478/000076447825000014/0000764478-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764478/000076447825000014/bby-20250529x8k.htm
  HTML page:      https://secwatch.observer/filing/0000764478-25-000014

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