BestBuy Quarter Earnings
Q3 FY25 (20241125)
Revenue decreased from9,445 million in Q3 FY25.
Domestic segment revenue decreased from8,697 million in Q3 FY25.
International segment revenue decreased from748 million in Q3 FY25.
Enterprise comparable sales declined less in Q3 FY25 (-2.9%) compared to Q3 FY24 (-6.9%).
Domestic comparable sales decline improved from -7.3% in Q3 FY24 to -2.8% in Q3 FY25.
Domestic comparable online sales decline improved from -9.3% in Q3 FY24 to -1.0% in Q3 FY25.
International comparable sales decline worsened from -1.9% in Q3 FY24 to -3.7% in Q3 FY25.
GAAP operating income as a percentage of revenue slightly increased from 3.6% in Q3 FY24 to 3.7% in Q3 FY25.
Non-GAAP operating income as a percentage of revenue decreased from 3.8% in Q3 FY24 to 3.7% in Q3 FY25.
GAAP diluted EPS increased from1.26 in Q3 FY25.
Non-GAAP diluted EPS decreased from1.26 in Q3 FY25.
Full year revenue guidance for FY25 adjusted to41.5 billion, down from the previous year's guidance for FY24 of43.7 billion.
Full year comparable sales guidance for FY25 adjusted to a decline of 2.5% to 3.5%, showing an improvement in outlook compared to FY24's guidance of a decline of 6.0% to 7.5%.
Full year non-GAAP operating income rate for FY25 is maintained at 4.1% to 4.2%, compared to FY24's guidance of 4.0% to 4.1%.
Non-GAAP diluted EPS guidance for FY25 is adjusted to6.25, compared to FY24's guidance of6.30.
