Categories AlphaGraphs, Earnings, Retail

BBY Earnings: Key quarterly highlights from Best Buy’s Q1 2024 financial results

Best Buy Co., Inc. (NYSE: BBY) reported first quarter 2024 earnings results today.

Enterprise revenue totaled $9.5 billion compared to $10.6 billion reported in the same period a year ago. Enterprise comparable sales were down 10.1%.

Net earnings were $244 million, or $1.11 per share, compared to $341 million, or $1.49 per share, last year. Adjusted EPS was $1.15.

For FY2024, Best Buy expects revenue to range between $43.8-45.2 billion and comparable sales to decline 3-6%.

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