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.
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