Best Buy Earnings Reports

Best Buy's Q4 FY25 revenue declined to $13.95 billion, down from $14.65 billion in the previous year, primarily due to the extra week in Q4 FY24. The company reported a GAAP diluted EPS of $0.54, impacted by a $475 million goodwill impairment charge. Adjusted diluted EPS was $2.58, reflecting strong sales growth in computing and services, offset by declines in appliances and home theater. Operating income fell to $217 million from $561 million last year.

Best Buy reported Q3 FY25 results with revenue of $9.445 billion, a decrease from $9.756 billion in Q3 FY24. GAAP diluted EPS increased to $1.26 from $1.21, while non-GAAP diluted EPS decreased to $1.26 from $1.29. The company is adjusting its full year comparable sales guidance to a decline in the range of 2.5% to 3.5%.

Best Buy reported better-than-expected sales and profitability for Q2 FY25. The company's domestic tablet and computing categories showed strong growth. They are raising their full year non-GAAP diluted EPS guidance.

Best Buy reported better-than-expected Q1 profitability despite a challenging sales environment. The company's GAAP diluted EPS increased by 2% to $1.13, and non-GAAP diluted EPS increased by 4% to $1.20. The company is trending towards the midpoint of its annual comparable sales guidance, but expects to deliver profitability at the high end of its non-GAAP operating income rate guidance.

Best Buy reported Q4 results with a 4.8% decline in comparable sales. Despite the challenging sales environment, the company's strong operational execution allowed them to deliver annual profitability at the high end of their original guidance. They also grew their paid membership base and improved customer experience.

Best Buy's Q3 2024 results revealed better-than-expected profitability despite a slight revenue decrease. The company's strong operational execution helped navigate near-term sales pressures. Due to uneven consumer demand, Best Buy lowered its annual revenue outlook, but the non-GAAP diluted EPS guidance midpoint is slightly higher than initial expectations.

Best Buy reported Q2 FY24 results with revenue of $9.583 billion and GAAP diluted EPS of $1.25. The company's sales were at the high end of its outlook, and profitability was better than expected, demonstrating strong operational execution amidst industry sales pressure.

Best Buy reported Q1 FY24 results with revenue of $9.47 billion and GAAP diluted EPS of $1.11. The company's sales performance aligned with expectations, and profitability was better than expected. The company is maintaining its full-year guidance.

Best Buy reported Q4 FY23 results, with revenue of $14.735 billion and a GAAP diluted EPS of $2.23. The company's performance was better than expected in terms of profitability, and they remained committed to balancing near-term responses to current conditions while advancing strategic initiatives.

Best Buy reported Q3 FY23 results, with revenue of $10.59 billion and a comparable sales decline of 10.4%. GAAP diluted EPS was $1.22, and non-GAAP diluted EPS was $1.38. The company has updated its FY23 outlook and now expects comparable sales to decline approximately 10%.

Best Buy reported a decrease in revenue and earnings per share for the second quarter of fiscal year 2023. Comparable sales declined by 12.1% compared to a strong growth of 19.6% in the same quarter last year. The company is focused on managing profitability and evolving its operating model in response to the challenging sales environment.

Best Buy reported Q1 FY23 results with a revenue of $10.65 billion and GAAP diluted EPS of $1.49. Comparable sales decreased by 8.0% compared to the previous year. The company is revising its full-year financial guidance due to worsening macro conditions.

Best Buy reported Q4 revenue of $16.37 billion, a decrease of 3.4% year-over-year, and GAAP diluted EPS of $2.62. The company's performance was affected by constrained inventory and investments in future growth. While Q4 sales were impacted, FY22 was a record year for revenue and earnings.

Best Buy reported record Q3 results, with a 2% increase in Domestic comparable sales on top of a 22.6% increase the previous year. The company's omnichannel capabilities and ability to support customers' technology needs drove the positive results. The company is raising full year sales outlook.

Best Buy's Q2 FY22 results exceeded expectations, with significant growth in comparable sales and operating income. The company raised its full-year enterprise comparable sales growth outlook to a range of 9% to 11% due to strong customer demand and effective execution by its teams.

Best Buy's Q1 FY22 results exceeded expectations, driven by extraordinarily high customer demand for technology products and services. The company's enterprise comparable sales increased by 37.2%, and GAAP diluted EPS increased by 280% to $2.32. Due to the strong start to the year, Best Buy raised its full-year enterprise comparable sales growth outlook to a range of 3% to 6%.

Best Buy reported strong Q4 FY21 results, with a 12.6% increase in enterprise comparable sales and a nearly 90% growth in domestic online sales. The company's GAAP diluted EPS increased by 9% to $3.10, and non-GAAP diluted EPS rose by 20% to $3.48. Best Buy is also increasing its quarterly dividend by 27% to $0.70 per share.

Best Buy's Q3 FY21 results showed remarkable growth, with a 23% increase in comparable sales and a 174% increase in domestic comparable online sales. The company's GAAP diluted EPS increased by 35% to $1.48, while non-GAAP diluted EPS increased by 82% to $2.06. Revenue reached $11.853 billion, driven by elevated demand for products that help customers work, learn, cook, entertain, and connect in their homes.

Best Buy reported strong Q2 FY21 results, with enterprise revenue increasing by almost 4% despite stores being open by appointment only for the first six weeks of the quarter. The company saw significant growth in domestic online sales and overall comparable sales. GAAP diluted EPS increased by 85%, and non-GAAP diluted EPS increased by 58%.

Best Buy reported a decrease in revenue and earnings per share for Q1 2021 compared to the previous year. The company's domestic comparable online sales increased significantly, but overall sales were negatively impacted by store closures and declines in certain product categories. Best Buy suspended financial guidance due to the ongoing uncertainty related to COVID-19.

Best Buy reported better-than-expected Q4 results with a 3.2% increase in enterprise comparable sales. GAAP diluted EPS increased 6% to $2.84, and non-GAAP diluted EPS increased 7% to $2.90. The company announced FY21 non-GAAP diluted EPS guidance of $6.10 to $6.30 and increased the quarterly dividend by 10% to $0.55 per share.