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Feb 03, 2024
Best Buy Q4 2024 Earnings Report
Best Buy's Q4 earnings reflect a decline in comparable sales, but profitability was maintained at the high end of the original guidance range.
Key Takeaways
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.
Comparable sales declined by 4.8%.
GAAP diluted EPS was $2.12.
Non-GAAP diluted EPS reached $2.72.
The quarterly dividend increased by 2% to $0.94 per share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For FY25, Best Buy expects revenue between $41.3 billion and $42.6 billion, comparable sales between -3.0% and 0.0%, and non-GAAP diluted EPS between $5.75 and $6.20.
Positive Outlook
- Revenue of $41.3 billion to $42.6 billion
- Comparable sales of (3.0%) to 0.0%
- Enterprise non-GAAP operating income rate of 3.9% to 4.1%
- Non-GAAP effective income tax rate of approximately 25.0%
- Non-GAAP diluted EPS of $5.75 to $6.20
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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