Best Buy

Best Buy (NYSE:BBY) reported fiscal Q1 non-GAAP earnings of $1.15 per diluted share, down from $1.57 a year earlier. Analysts polled by Capital IQ expected $1.10. Revenue for the quarter ended April 29 was $9.47 billion, compared with $10.65 billion a year ago. Analysts surveyed by Capital IQ expected $9.53 billion. The company’s fiscal Q1 comparable sales were down 10.1%, compared with a fall of 8% a year earlier. Analysts polled by Capital IQ expected a fall of 9.9%. The retailer said it continues to expect fiscal 2024 non-GAAP earnings of $5.70 to $6.50 per diluted share. Analysts surveyed by Capital IQ expect $6.20. Fiscal 2024 revenue is still anticipated in the range of $43.80 billion to $45.20 billion, Best Buy said. Analysts polled by Capital IQ expect $44.57 billion. The company also said it continues to expect fiscal 2024 comparable sales to fall 3% to 6%. Analysts surveyed by

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”). Best Buy Co., Inc. (NYSE: BBY)  reported fiscal Q4 adjusted earnings  of $2.61 per diluted share, Analysts polled by Capital IQ expected $2.14. Revenue for the quarter ended Jan. 28 was $14.74 billion, Analysts surveyed by Capital IQ expected $14.80 billion. For fiscal 2024, the retailer said it expects adjusted earnings of $5.70 to $6.50 per diluted share. Analysts surveyed by Capital IQ expect $6.67. The company expects revenue to be between $43.80 billion and $45.20 billion for the fiscal year. Analysts polled by Capital IQ expect $45.76 billion. 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