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Nov 02, 2024
Best Buy Q3 2025 Earnings Report
Best Buy's Q3 results reflected a slight decrease in revenue and mixed EPS performance, with GAAP EPS increasing and non-GAAP EPS decreasing.
Key Takeaways
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%.
Enterprise revenue decreased to $9.445 billion from $9.756 billion year-over-year.
GAAP diluted EPS increased to $1.26 from $1.21 year-over-year.
Non-GAAP diluted EPS decreased to $1.26 from $1.29 year-over-year.
Comparable sales declined 2.9% overall, with domestic and international segments experiencing declines.
Best Buy
Best Buy
Best Buy Revenue by Segment
Best Buy Revenue by Geographic Location
Revenue by Segment
Domestic segment Revenue
CapyFin.comInternational segment Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Best Buy expects Q4 FY25 comparable sales to be flat to down 3% and a non-GAAP operating income rate in the range of 4.6% to 4.8%.
Positive Outlook
- Compelling deals planned for the holiday season
- Inspirational in-store and digital merchandising
- Competitive fulfillment options
- Customer demand has increased in the first few weeks of Q4
- Maintaining full year non-GAAP operating income rate of 4.1% to 4.2%
Challenges Ahead
- Ongoing macro uncertainty
- Customers waiting for deals and sales events
- Distraction during the run-up to the election
- Softer-than-expected demand in non-essential categories during the second half of Q3
- Adjusting full year comparable sales guidance to a decline in the range of 2.5% to 3.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income