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Best Buy — Nov 26, 2024 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000764478-24-000038
Open on SEC.gov ↗
Showing in the filing
Share repurchases
“approximately $500 million”
Period
FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 11
Comparable sales for FY2025
“a decline in the range of 2.5% to 3.5%”
Non-GAAP operating income rate for FY2025
“4.1% to 4.2%”
Comparable sales for Q4 FY2025
“flat to down 3%”
Comparable sales versus last year for Q4 FY2025
“flat to down 3%”
Non-GAAP operating income rate for Q4 FY2025
“4.6% to 4.8%”
Revenue for FY2025
“$41.1 billion to $41.5 billion”
Non-GAAP effective income tax rate for FY2025
“approximately 23.5%”
Non-GAAP diluted EPS for FY2025
“$6.10 to $6.25”
Capital expenditures for FY2025
“approximately $750 million”
Share repurchases for FY2025
“approximately $500 million”
Quarterly cash dividend for FY2025
“$0.94 per common share”
Exhibit 99.1 · the passage around this item
… earlier in the release
 Share Repurchases and Dividends  In Q3 FY25, the company returned a total of $339 million to shareholders through dividends of $202 million and share repurchases of $137 million. On a year-to-date basis, the company has returned a total of $892 million to shareholders through dividends of $607 million and share repurchases of $285 million. The company still expects to spend approximately $500 million on share repurchases during FY25.  Today, the company announced that its board of directors has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on January 7, 2025, to shareholders of record as of the close of business on December 17, 2024.  Conference Call  Best Buy is scheduled to conduct an earnings conference call at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) on November 26, 2024. A webcast of the call is expected to be available at www.investors.bestbuy.com ,   both live and after the call.  Notes: (1) The method of calculating comparable sales varies across the retail industry. As a result, our method of calculating comparable sales may not be the same as other retailers’ methods. For additional information on comparable sales, please see our most recent Annual Report on Form 10-K, and our subsequent Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission (“SEC”), and available at www.investors.bestbuy.com .    (2) A reconciliation of the projected non-GAAP operating income rate, non-GAAP effective incom
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.