Best Buy Co., Inc. (NYSE: BBY) reported first quarter 2023 earnings results today.
Enterprise revenue dropped to $10.6 billion from $11.6 billion in the year-ago period. Comparable sales were down 8%.
Net earnings amounted to $341 million, or $1.49 per share, compared to $595 million, or $2.32 per share, last year. Adjusted EPS totaled $1.57.
For FY2023, revenue is expected to range between $48.3-49.9 billion while comparable sales is expected to decline 3-6%. Adjusted EPS is expected to be $8.40-9.00.
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