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Aug 03, 2024
Best Buy Q2 2025 Earnings Report
Best Buy's Q2 2025 results were announced, featuring better-than-expected sales and profitability, with comparable sales declining by 2.3% and GAAP diluted EPS increasing by 7% to $1.34.
Key Takeaways
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.
Enterprise comparable sales declined 2.3%.
GAAP diluted EPS increased 7% to $1.34.
Non-GAAP diluted EPS increased 10% to $1.34.
FY25 non-GAAP diluted EPS guidance range raised to $6.10 to $6.35.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Best Buy expects industry stabilization in the back half of the year and updated its annual comparable sales guidance range to a decline of 1.5% to 3.0%. For Q3 FY25, they expect comparable sales to decline by approximately 1.0% and non-GAAP operating income rate to be approximately 3.7%.
Positive Outlook
- Revenue of $41.3 billion to $41.9 billion
- Comparable sales of (3.0%) to (1.5%)
- Enterprise non-GAAP operating income rate of 4.1% to 4.2%
- Non-GAAP effective income tax rate of approximately 24.0%
- Non-GAAP diluted EPS of $6.10 to $6.35
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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