Best Buy Co Inc
- Best Buy Co. Inc. decreased 0.5% to $72.31 after the consumer electronics retailer reported a 36% decline in profit in the fiscal second quarter ending on August 2.
Consolidated revenue edged higher to $9.4 billion from $9.3 billion, net income declined to $186 million from $291 million, and diluted earnings per share dropped to 87 cents from $1.34 a year ago.
Best Buy reiterates its full-year revenue estimate to be between $41.1 billion and $41.9 billion, adjusted operating income rate to be 4.2%, comparable sales to rise 1%, and adjusted diluted earnings per share to be between $6.15 and $6.30.
For the full year, the company expects to spend approximately $300 million on share repurchases.
During the second quarter, the company returned a total of $266 million to shareholders through dividends of $201 million and share repurchases of $65 million.
For the year-to-date, the company returned a total of $568 million to shareholders, including $403 million in dividends and $165 million in share repurchases.
The company's board declared a quarterly cash dividend of $0.95 per share, payable on October 9 to shareholders on record on September 18.
Best Buy delivered comparable sales growth of 1.6% in the second quarter.
Aug 29, 2025 - Best Buy Co. Inc. inched up 0.01% to $66.33 after the consumer electronics retailer reported lower sales in the fiscal first quarter of 2026.
Revenue edged down to $8.77 billion from $8.85 billion, net earnings dropped to $202 million from $246 million, and diluted earnings per share fell to 95 cents from $1.13 a year ago.
The company guided full-year revenue to be between $41.1 billion and $41.9 billion, compared to $41.5 billion, and adjusted diluted earnings per share between $6.15 and $6.30, compared to $6.37 a year earlier, respectively.
During the first quarter, the retailer returned $302 million to shareholders through dividends of $202 million and share repurchases of $100 million, and the company expects to spend approximately $300 million on share repurchases during fiscal year 2026.
Best Buy will pay its next quarterly cash dividend of 95 cents per share on July 10 to shareholders on record on June 19.
May 30, 2025 - Best Buy Co. Inc. surged 3.5% to $89.77 after the electronic products retailer reported a 0.5% increase in comparable store sales during the fourth quarter ending on February 1.
Revenue declined to $13.95 billion from $14.65 billion, net earnings dropped to $117 million from $460 million, and earnings per diluted share fell to 54 cents from $2.12 a year ago.
Best Buy returned a total of $415 million to shareholders through dividends of $200 million and share repurchases of $215 million during the quarter.
The company proposed a 1% increase in its quarterly dividend to 95 cents per share, payable on April 15 to shareholders on record as of March 25.
For fiscal 2026, the company estimated revenue between $41.4 billion and $42.2 billion, compared to $41.53 billion in 2025, and adjusted earnings per diluted share between $6.20 and $6.60, compared to $6.37 in 2025.
Comparable sales growth is expected between zero and 2% in 2026.
Mar 4, 2025 - Best Buy Company declined 5.4% to $88.0 after the consumer electronics retailer reported weaker-than-estimated revenue and earnings in the third quarter.
Revenue in the fiscal third quarter ending on November 2 declined to $9.44 billion from $9.75 billion, net income increased to $273 million from $263 million, and diluted earnings per share rose to $1.26 from $1.21 a year earlier.
Comparable domestic same-store store sales declined to 2.8% from 7.3%, and the retailer adjusted its full-year comparable sales estimate to decline in the range of 2.5% and 3.% from the previous estimated range of decline between 3.0% and 1.5%.
The company also lowered its full-year sales range to between $41.1 billion and $41.5 billion, from the previous guidance between $41.3 billion and $41.9 billion.
Nov 26, 2024 - Best Buy increased 4.8% to $83.46 after the electronics retailer reported a smaller-than-expected decline in sales.
Revenue in the fiscal fourth quarter ending on February 3rd declined to $14.65 billion from $14.73 billion, net income fell to $460 million from $495 million, and diluted earnings per share dropped to $2.12 from $2.23 a year ago.
In the quarter, the company returned a total of $268 million to shareholders through dividends of $198 million and share repurchases of $70 million.
For the full year, the company returned a total of $1.1 billion to shareholders through dividends of $801 million and share repurchases of $340 million.
The company announced its board of directors approved a 2% increase in the regular quarterly dividend to $0.94 per share payable on April 11 to shareholders of record on March 21.
The retailer guided fiscal 2025 earnings per share in the range of $5.75 to $6.20 and anticipated revenue between $41.3 billion and $42.6 billion.
For the fiscal first quarter, Best Buy expects comparable sales to decline by approximately 5%, with a non-GAAP operating income rate of around 3.4%, matching the rate in the first quarter of fiscal year 2024.
Feb 29, 2024
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.23 | 1.11 | 1.25 | 1.21 | - | |
| 2022 | 2.62 | 1.49 | 1.35 | 1.22 | 6.29 | |
| 2021 | 3.1 | 2.32 | 2.9 | 2 | 9.84 | |
| 2020 | 2.78 | 0.61 | 1.65 | 1.48 | 6.84 | |
| 2019 | 2.63 | 0.98 | 0.89 | 1.1 | 5.75 | |
| 2018 | 1.21 | 0.72 | 0.86 | 0.99 | 5.2 | |
| 2017 | 1.95 | 0.60 | 0.69 | 0.78 | 4.02 | |
| 2016 | 1.53 | 0.44 | 0.57 | 0.62 | 3.16 | |
| 2015 | 1.48 | 0.37 | 0.49 | 0.41 | 2.75 | |
| 2014 | 1.31 | 0.42 | 0.30 | 0.84 | 1.53 | |
| 2013 | -0.24 | 0.77 | 0.16 | -1.21 | -1.3 | |
| 2012 | 0.00 | 0.04 | -0.03 | -5.17 | -3.27 | |
| 2011 | 1.58 | 0.35 | 0.47 | 0.42 | 3.08 | |
| 2010 | 1.84 | 0.36 | 0.60 | 0.54 | 3.1 | |
| 2009 | 1.35 | 0.36 | 0.37 | 0.53 | 2.39 | |
| 2008 | 1.65 | 0.43 | 0.48 | 0.13 | 3.12 | |
| 2007 | 1.54 | 0.39 | 0.55 | 0.53 | 2.79 | |
| 2006 | 1.28 | 0.47 | 0.47 | 0.31 | 2.27 | |
| 2005 | 1.13 | 0.34 | 0.37 | 0.28 | 1.96 |