best buy quarterly earnings

An image that says Q4 FY24 Financial Results with the Best Buy yellow tag

29 Feb: Best Buy Reports Q4 FY24 Results

Comparable Sales Declined 4.8%

GAAP Diluted EPS of $2.12

Non-GAAP Diluted EPS of $2.72

Increasing Quarterly Dividend 2% to $0.94 per Share

Expects FY25 Non-GAAP Diluted EPS of $5.75 to $6.20

MINNEAPOLIS, February 29, 2024 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 14-week fourth quarter ended February 3, 2024 (“Q4 FY24”), as compared to the 13-week fourth quarter ended January 28, 2023 (“Q4 FY23”).

Click here to view full release and statements.

 Q4 FY24Q4 FY23FY24FY23
 (14 weeks)(13 weeks)(53 weeks)(52 weeks)
Revenue ($ in millions)    
Enterprise $14,646 $14,735 $43,452 $46,298
Domestic segment $13,410 $13,531 $40,097 $42,794
International segment $1,236 $1,204 $3,355 $3,504
Enterprise comparable sales % change1 (4.8)% (9.3)% (6.8)% (9.9)%
Domestic comparable sales % change1 (5.1)% (9.6)% (7.1)% (10.3)%
Domestic comparable online sales % change1 (4.8)% (13.0)% (7.8)% (13.5)%
International comparable sales % change1 (1.4)% (5.7)% (3.2)% (5.4)%
Operating Income    
GAAP operating income as a % of revenue 3.8% 4.1% 3.6% 3.9%
Non-GAAP operating income as a % of revenue 5.0% 4.8% 4.1% 4.4%
Diluted Earnings per Share (“EPS”)    
GAAP diluted EPS $2.12 $2.23 $5.68 $6.29
Non-GAAP diluted EPS $2.72 $2.61 $6.37 $7.08

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

Q3FY24

21 Nov: Best Buy reports Q3 FY24 results

Comparable Sales Declined 6.9%

GAAP Diluted EPS of $1.21

Non-GAAP Diluted EPS of $1.29

MINNEAPOLIS, November 21, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended October 28, 2023 (“Q3 FY24”), as compared to the 13-week third quarter ended October 29, 2022 (“Q3 FY23”).

Click here to view full release and statements.

 Q3 FY24 Q3 FY23
Revenue ($ in millions)
Enterprise$9,756$10,587
Domestic segment$8,996$9,800
International segment$760$787
Enterprise comparable sales % change1(6.9)%(10.4)%
Domestic comparable sales % change1(7.3)%(10.5)%
Domestic comparable online sales % change1(9.3)%(11.6)%
International comparable sales % change1(1.9)%(9.3)%
Operating Income 
GAAP operating income as a % of revenue3.6%3.4%
Non-GAAP operating income as a % of revenue3.8%3.9%
Diluted Earnings per Share (“EPS”) 
GAAP diluted EPS$1.21$1.22
Non-GAAP diluted EPS$1.29$1.38

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

Q2 FY24

29 Aug: Best Buy reports Q2 FY24 results

Comparable Sales Declined 6.2%

GAAP Diluted EPS of $1.25

Non-GAAP Diluted EPS of $1.22

MINNEAPOLIS, August 29, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended July 29, 2023 (“Q2 FY24”), as compared to the 13-week second quarter ended July 30, 2022 (“Q2 FY23”).

Click here to view full release and statements.

 Q2 FY24  Q2 FY23
Revenue ($ in millions)
Enterprise$9,583$10,329
Domestic segment$8,890$9,569
International segment$693$760
Enterprise comparable sales % change1(6.2)% (12.1)%
Domestic comparable sales % change1(6.3)% (12.7)%
Domestic comparable online sales % change1(7.1)% (14.7)%
International comparable sales % change1(5.4)%(4.2)%
Operating Income  
GAAP operating income as a % of revenue3.6%3.6%
Non-GAAP operating income as a % of revenue3.8%4.1%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$1.25$1.35
Non-GAAP diluted EPS$1.22$1.54

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

Blog Q1FY24FinancialResults

25 May: Best Buy reports Q1 FY24 results

Comparable Sales Declined 10.1%

GAAP Diluted EPS of $1.11

Non-GAAP Diluted EPS of $1.15

FY24 Financial Guidance Remains Unchanged

MINNEAPOLIS, May 25, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended April 29, 2023 (“Q1 FY24”), as compared to the 13-week first quarter ended April 30, 2022 (“Q1 FY23”).

Click here to view full release and statements.

  Q1 FY24 Q1 FY23
Revenue ($ in millions)
Enterprise$9,467$10,647
Domestic segment $8,801$9,894
International segment$666$753
Enterprise comparable sales % change1(10.1)%(8.0)%
Domestic comparable sales % change1(10.4)%(8.5)%
Domestic comparable online sales % change1(12.1)%(14.9)%
International comparable sales % change1(5.5)%(1.4)%
Operating Income 
GAAP operating income as a % of revenue3.3%4.3%
Non-GAAP operating income as a % of revenue3.4%4.6%
Diluted Earnings per Share (“EPS”) 
GAAP diluted EPS$1.11$1.49
Non-GAAP diluted EPS$1.15$1.57

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

BBY_Q4_FY23

02 Mar: Best Buy reports Q4 FY23 results

Comparable Sales Declined 9.3%

GAAP Diluted EPS of $2.23

Non-GAAP Diluted EPS of $2.61

Increased Quarterly Dividend 5% to $0.92 per Share

Expects FY24 Non-GAAP Diluted EPS of $5.70 to $6.50

MINNEAPOLIS, March 2, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended January 28, 2023 (“Q4 FY23”), as compared to the 13-week fourth quarter ended January 29, 2022 (“Q4 FY22”).

Click here to view full release and statements.

  Q4 FY23 Q4 FY22  FY23FY22
Revenue ($ in millions)
Enterprise$14,735$16,365$46,298$51,761
Domestic segment $13,531$14,993$42,794$47,830
International segment$1,204$1,372$3,504$3,931
Enterprise comparable sales % change1(9.3)%(2.3)%(9.9)%10.4%
Domestic comparable sales % change1(9.6)%(2.1)%(10.3)%11.0%
Domestic comparable online sales % change1(13.0)%(11.2)%(13.5)%(12.0)%
International comparable sales % change1(5.7)%(3.8)%(5.4)%3.3%
Operating Income  
GAAP operating income as a % of revenue4.1%4.9%3.9%5.9%
Non-GAAP operating income as a % of revenue4.8%5.1%4.4%6.0%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$2.23$2.62$6.29$9.84
Non-GAAP diluted EPS$2.61$2.73$7.08$10.01

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

BBY Q3 FY23

22 Nov: Best Buy reports Q3 FY23 results

Comparable Sales Declined 10.4%

GAAP Diluted EPS of $1.22

Non-GAAP Diluted EPS of $1.38

Raises Full-Year Guidance

Resumes Share Repurchases

MINNEAPOLIS, November 22, 2022 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended October 29, 2022 (“Q3 FY23”), as compared to the 13-week third quarter ended October 30, 2021 (“Q3 FY22”).

Click here to view full release and statements.

  Q3 FY23  Q3 FY22
Revenue ($ in millions)
Enterprise$10,587$11,910
Domestic segment$9,800$10,985
International segment$787$925
Enterprise comparable sales % change1(10.4)%1.6%
Domestic comparable sales % change1(10.5)%2.0%
Domestic comparable online sales % change1(11.6)%(10.1)%
International comparable sales % change1(9.3)%(3.0)%
Operating Income  
GAAP operating income as a % of revenue3.4%5.6%
Non-GAAP operating income as a % of revenue3.9%5.8%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$1.22$2.00
Non-GAAP diluted EPS$1.38$2.08

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

BBY_Q2_FY23

30 Aug: Best Buy reports Q2 FY23 results

Comparable Sales Declined 12.1% Compared to 19.6% Growth in Q2 FY22

GAAP Diluted EPS of $1.35

Non-GAAP Diluted EPS of $1.54

MINNEAPOLIS, August 30, 2022 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended July 30, 2022 (“Q2 FY23”), as compared to the 13-week second quarter ended July 31, 2021 (“Q2 FY22”).

Click here to view full release and statements.

  Q2 FY23  Q2 FY22
Revenue ($ in millions)
Enterprise$10,329$11,849
Domestic segment$9,569$11,011
International segment$760$838
Enterprise comparable sales % change1(12.1)%19.6%
Domestic comparable sales % change1(12.7)%20.8%
Domestic comparable online sales % change1(14.7)%(28.1)%
International comparable sales % change1(4.2)%5.0%
Operating Income  
GAAP operating income as a % of revenue3.6%6.7%
Non-GAAP operating income as a % of revenue4.1%6.9%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$1.35$2.90
Non-GAAP diluted EPS$1.54$2.98

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.