$BBY (+0,16聽%) | Best Buy Q3 Earnings Highlights:
馃敼 EPS: $1.26 (Est. $1.30) 馃敶; DOWN -2% YoY
馃敼 Revenue: $9.45B (Est. $9.63B) 馃敶; DOWN -3.2% YoY
馃敼 Comparable Sales: -2.9% (Est. -1.0%) 馃敶
馃敼 Gross Margin: 23.6% (Est. 23.1%) 馃煝; UP +70 bps YoY
馃敼 Operating Margin: 3.7% (Est. 3.7%) 馃煛
FY25 Guidance:
馃敼 Revenue: $41.1B-$41.5B (Prev. $41.3B-$41.9B) 馃煛
馃敼 Comparable Sales Decline: -3.5% to -2.5% (Prev. -3.0% to -1.5%) 馃敶
馃敼 Non-GAAP Operating Income Rate: 4.1%-4.2% (UNCHANGED) 馃煛
馃敼 Non-GAAP EPS: $6.10-$6.25 (Prev. $6.10-$6.35) 馃敶
Q3 Segments:
馃敼 Domestic Revenue: $8.70B (Est. $8.87B) 馃敶; DOWN -3.3% YoY
馃敼 International Revenue: $748M (Est. $750.7M) 馃煛; DOWN -1.6% YoY
Q3 Regionals SSS:
馃敼 Domestic: -2.8% (Est. -0.8%) 馃敶
馃敼 International: -3.7% (Est. -1.1%) 馃敶
馃敼 Domestic Online Sales: -1.0% YoY
Shareholder Returns:
馃敼 Q3 Share Repurchases: $137M
馃敼 Dividends Paid: $202M
馃敼 Quarterly Dividend: $0.94/share; payable January 7, 2025
CEO Commentary:
馃敻 "Q3 results reflect stable operating margins despite softer-than-expected sales. Early Q4 shows positive demand trends as holiday sales ramp up."