Best Buy Q3 comparable sales fall 2.9%; full-year sales guidance cut
Best Buy reported third-quarter fiscal 2025 revenue of $9.45 billion, down from $9.76 billion a year earlier, with enterprise comparable sales down 2.9%. GAAP diluted EPS rose to $1.26 from $1.21, while non-GAAP diluted EPS fell to $1.26 from $1.29. The company lowered its full-year comparable sales and revenue guidance, which matters to shareholders because it signals weaker expected demand for the year.
Key points
- Q3 revenue was $9,445 million versus $9,756 million a year earlier; enterprise comparable sales declined 2.9%.
- GAAP diluted EPS was $1.26 versus $1.21; non-GAAP diluted EPS was $1.26 versus $1.29.
- FY25 comparable sales guidance was cut to a decline of 2.5% to 3.5% from a decline of 1.5% to 3.0%; revenue guidance is now $41.1 billion to $41.5 billion versus $41.3 billion to $41.9 billion.
- Board authorized a regular quarterly cash dividend of $0.94 per share, payable January 7, 2025, to holders of record on December 17, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 26, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.