$BBY (-0.68%) | Best Buy Q3 Earnings Highlights:

🔹 EPS: $1.26 (Est. $1.30) 🔴; DOWN -2% YoY

🔹 Revenue: $9.45B (Est. $9.63B) 🔴; DOWN -3.2% YoY

🔹 Comparable Sales: -2.9% (Est. -1.0%) 🔴

🔹 Gross Margin: 23.6% (Est. 23.1%) 🟢; UP +70 bps YoY

🔹 Operating Margin: 3.7% (Est. 3.7%) 🟡

FY25 Guidance:

🔹 Revenue: $41.1B-$41.5B (Prev. $41.3B-$41.9B) 🟡

🔹 Comparable Sales Decline: -3.5% to -2.5% (Prev. -3.0% to -1.5%) 🔴

🔹 Non-GAAP Operating Income Rate: 4.1%-4.2% (UNCHANGED) 🟡

🔹 Non-GAAP EPS: $6.10-$6.25 (Prev. $6.10-$6.35) 🔴

Q3 Segments:

🔹 Domestic Revenue: $8.70B (Est. $8.87B) 🔴; DOWN -3.3% YoY

🔹 International Revenue: $748M (Est. $750.7M) 🟡; DOWN -1.6% YoY

Q3 Regionals SSS:

🔹 Domestic: -2.8% (Est. -0.8%) 🔴

🔹 International: -3.7% (Est. -1.1%) 🔴

🔹 Domestic Online Sales: -1.0% YoY

Shareholder Returns:

🔹 Q3 Share Repurchases: $137M

🔹 Dividends Paid: $202M

🔹 Quarterly Dividend: $0.94/share; payable January 7, 2025

CEO Commentary:

🔸 "Q3 results reflect stable operating margins despite softer-than-expected sales. Early Q4 shows positive demand trends as holiday sales ramp up."