Best Buy Co. Inc.

NYSE:BBY   9:53:38 AM EDT
79.61
+3.23 (+4.23%)
Other Pre-Announcement

Best Buy Expects 2023 Comparable Sales Decline In A Range Around 11%

Published: 07/27/2022 21:22 GMT
Best Buy Co. Inc. (BBY) - Best Buy Provides Update on Second Quarter Performance and Fiscal 2023 Outlook.
Best Buy Co Inc - Expects Q2 FY23 Comparable Sales to Decline Approximately 13%, With Revenue Approximately 7.5% Higher Than Pre-pandemic Q2 FY20.
Best Buy Co Inc - Expects Its Q2 Non-GAAP Operating Income Rate to Be in a Range Around 3.7%.
Best Buy Co Inc - Current Planning Assumptions for 2023 Include Comparable Sales Decline in a Range Around 11%.
Best Buy Co Inc - Current Planning Assumptions for 2023 Include Decline in Non-GAAP Operating Income Rate of Approximately 4%.
Best Buy Co Inc - Remains Committed to Its Quarterly Dividend of $0.88 per Share and Has Paused Share Repurchases at This Time.