Categories AlphaGraphs, Consumer, Earnings
Best Buy Co. (BBY) Q1 2025 earnings rise; comparable sales down 6.1%
Best Buy Co., Inc. (NYSE: BBY), a leading retailer of consumer electronics and related merchandise, reported higher profit for the first quarter of 2025, despite a decline in revenues.
First-quarter revenues decreased to $8.85 billion from $9.47 billion in the corresponding period of 2024. Total comparable sales declined 6.1%, continuing the recent trend.
The company reported earnings of $1.20 per share for the April quarter, on an adjusted basis, which is up 4% from the $1.15 per share profit it earned in the year-ago quarter. Net income, including special items, was $246 million or $1.13 per share in Q1, compared to $244 million or $1.11 per share a year earlier.
Corie Barry, Best Buy’s CEO, said, “Through strong execution, we continued to manage our profitability while at the same time preparing for future growth. We made progress on our FY25 priorities, grew our paid membership base, and drove improvements in our customer experiences.”
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Hewlett Packard reports higher Q4 2024 revenue and profit; results beat estimates
Information technology solutions provider Hewlett Packard Enterprise (NYSE: HPE) Thursday reported higher revenues and adjusted earnings for the fourth quarter of 2024. October-quarter profit, excluding one-off items, moved up to
Main highlights from the Dollar General (DG) Q3 2024 earnings report
Shares of Dollar General Corporation (NYSE: DG) dropped over 3% on Thursday after the company delivered mixed results for the third quarter of 2024 and updated its guidance for the
Signet Jewelers (SIG) Q3 2025 Earnings: Key financials and quarterly highlights
Signet Jewelers Limited (NYSE: SIG) reported its third quarter 2025 earnings results today. Sales of $1.3 billion were down 3.1% compared to the same period last year. Sales were down