NYSE$BBY

Best Buy Co Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Best Buy's Q2 2025 results were announced, featuring better-than-expected sales and profitability, with comparable sales declining by 2.3% and GAAP diluted EPS increasing by 7% to $1.34.

Best Buy reported better-than-expected sales and profitability for Q2 FY25. The company's domestic tablet and computing categories showed strong growth. They are raising their full year non-GAAP diluted EPS guidance.

  • Enterprise comparable sales declined 2.3%.
  • GAAP diluted EPS increased 7% to $1.34.
  • Non-GAAP diluted EPS increased 10% to $1.34.
  • FY25 non-GAAP diluted EPS guidance range raised to $6.10 to $6.35.

Headline financials

Total Revenue

$9.29B

Previous: $9.58B-3.1%
EPS

$1.34

Previous: $1.22+9.8%
Enterprise comparable sales

-2.3%

No prior period
Domestic comparable sales

-2.3%

Previous: -6.3%+63.5%
Domestic comparable online sales

-1.6%

No prior period
International comparable sales

-1.8%

Previous: -5.4%+66.7%
Capital Expenditures

-$335M

Previous: -$395M+15.2%
Free Cash Flow

-$44M

Previous: -$121M+63.6%
Net Income

$291M

Previous: $274M+6.2%
Operating Income

$383M

Previous: $348M+10.1%
Gross Profit

$2.19B

Previous: $2.22B-1.5%
Cash & Equivalents

$1.39B

Previous: $1.09B+26.9%
Total Assets

$15.6B

Previous: $15.3B+2.0%
Stock-Based Comp

$36M

Previous: $37M-2.7%

Revenue & EPS history

Best Buy · Revenue · Quarterly

$9.29B

Q2 2025-3.1%vs Q2 2024
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Best Buy · $8.94B total across 2 segments · Q1 2027

  • Domestic segment
    $8.25B
  • International segment
    $687M

Forward guidance

Best Buy expects industry stabilization in the back half of the year and updated its annual comparable sales guidance range to a decline of 1.5% to 3.0%. For Q3 FY25, they expect comparable sales to decline by approximately 1.0% and non-GAAP operating income rate to be approximately 3.7%.

Tailwinds

  • Revenue of $41.3 billion to $41.9 billion
  • Comparable sales of (3.0%) to (1.5%)
  • Enterprise non-GAAP operating income rate of 4.1% to 4.2%
  • Non-GAAP effective income tax rate of approximately 24.0%
  • Non-GAAP diluted EPS of $6.10 to $6.35

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.8%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+0.1%

Avg return

30 days after

51%

36 / 71 earnings

Positive

+20.4%

Q2 2016

Best reaction

-16.8%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+13.3%+8.3%+4.7%
Q3 2026+4.4%+4.8%-7.8%
Q2 2026-3.8%-1.3%+0.9%
Q1 2026-7.1%-2.3%-4.6%
Q4 2025-13.3%-8.5%-28.3%
Q3 2025-5.2%-3.3%-3.9%
Q2 2025+14.4%+15.0%+16.5%
Q1 2025+18.0%+22.2%+17.2%
Q4 2024-2.2%-4.7%+2.9%
Q3 2024-0.1%+2.1%+11.3%
Q2 2024+2.5%+1.6%-7.0%
Q1 2024+7.5%+6.1%+14.4%
Q4 2023+0.9%-0.3%-5.2%
Q3 2023+16.3%+14.7%+13.6%
Q2 2023-4.1%-3.5%-11.7%
Q1 2023+10.3%+15.7%-1.8%
Q4 2022+5.2%+0.3%-10.4%
Q2 2022+8.7%+4.8%-5.3%
Q1 2022-0.6%-1.8%-3.3%
Q4 2021-11.6%-9.6%+5.1%
Q3 2021-6.7%-7.7%-16.0%
Q2 2021-4.3%-5.2%-10.7%
Q1 2021-5.7%-2.5%-0.4%
Q4 2020-7.9%-6.9%-24.0%
Q3 2020+8.7%+8.6%+18.3%
Q2 2020-7.8%-8.4%-1.1%
Q1 2020-4.7%-5.5%-2.4%
Q4 2019+14.1%+11.2%+17.8%
Q3 2019-0.2%+0.6%-19.0%
Q2 2019-4.9%-2.6%-4.2%
Q1 2019-9.9%-10.2%+0.4%
Q4 2018+0.8%+6.0%-3.4%
Q3 2018-2.6%-2.2%+14.0%
Q2 2018-13.3%-12.8%-9.0%
Q1 2018+17.0%+17.6%+9.4%
Q4 2017+1.6%-0.5%+11.4%
Q3 2017+10.7%+15.2%+16.2%
Q2 2017+20.4%+20.4%+17.3%
Q1 2017-2.8%-2.9%-7.8%
Q4 2016+3.1%
Q3 2016-2.6%
Q2 2016+20.4%
Q1 2016+1.6%
Q4 2015+3.0%
Q3 2015+7.0%
Q2 2015-0.9%
Q1 2015+6.5%
Q4 2014-3.1%
Q3 2014-11.1%
Q2 2014+9.8%
Q1 2014-4.3%
Q4 2013+8.3%
Q3 2013-15.9%
Q2 2013-2.4%
Q1 2013+2.2%
Q4 2012-11.0%
Q3 2012-16.8%
Q2 2012-3.8%
Q1 2012+5.5%
Q4 2011+1.9%
Q3 2011+0.6%
Q2 2011+0.7%
Q1 2010-0.2%
Q1 2011-3.6%
Q4 2010+2.6%
Q4 2008+2.6%
Q3 2010-2.4%
Q3 2009-2.4%
Q2 2010+0.9%
Q2 2009+0.9%
Q4 2009+0.9%

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