Best Buy said revenue for the 13-week Q1 ended May 3, 2025 was $8,767 million, down from $8,847 million in the prior-year period, and Enterprise comparable sales declined 0.7%.

1. 01

   Best Buy said revenue for the 13-week Q1 ended May 3, 2025 was $8,767 million, down from $8,847 million in the prior-year period, and Enterprise comparable sales declined 0.7%.

2. 02

   The company recorded restructuring charges of $109 million in Q1, primarily related to a restructuring initiative within its Best Buy Health business. Diluted EPS was $0.95 and adjusted diluted EPS was $1.15.

3. 03

   Best Buy provided FY26 adjusted diluted EPS guidance of $6.15 to $6.30, compared with prior guidance of $6.20 to $6.60, reflecting the impact of tariffs.

4. 04

   In Q1, the company returned $302 million to shareholders through dividends of $202 million and share repurchases of $100 million. It said it expects to spend approximately $300 million on share repurchases during FY26.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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