Best Buy Reports Slight Decrease in Revenue and Operating Income, EPS Down to $0.95; Adjusted EPS at $1.15, Domestic Sales Decline by 0.7%

Reuters
2025/05/29
Best Buy Reports Slight Decrease in Revenue and Operating Income, EPS Down to $0.95; Adjusted EPS at $1.15, Domestic Sales Decline by 0.7%

Best Buy Co. Inc. reported its financial results for the three months ended May 3, 2025. The company's revenue was $8.767 billion, slightly down from $8.847 billion in the same period the previous year. The gross profit was $2.049 billion, showing a minor decrease from $2.064 billion. The gross profit percentage remained relatively stable at 23.4% compared to 23.3% in the prior year. Domestic segment revenue was reported at $8.127 billion, down from $8.203 billion, with a comparable sales decrease of 0.7%. However, domestic comparable online sales increased by 2.1%. The international segment also saw a comparable sales decline of 0.7%. Operating income was $219 million, a decrease from $312 million in the previous year, with the operating income percentage dropping from 3.5% to 2.5%. Diluted earnings per share $(EPS)$ stood at $0.95, down from $1.13 in the same period last year. Adjusted diluted EPS was reported at $1.15, slightly down from $1.20 previously. The company noted challenges in the current macroeconomic environment but expressed confidence in its execution during the first quarter. No specific guidance or outlook was provided for future periods.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Best Buy Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250528973660) on May 29, 2025, and is solely responsible for the information contained therein.

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