Best Buy Q2 2025 Earnings Report
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.
Best Buy
Best Buy
Best Buy Revenue by Segment
Best Buy 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