Best Buy — Mar 4, 2025 release

For the full year, the company returned a total of $1.3 billion to shareholders through dividends of $807 million and share repurchases of $500 million. The company expects to spend approximately $300 million on share repurchases during FY26.  Today, the company announced its board of directors approved a 1% increase in the regular quarterly dividend to $0.95 per share. The regular quarterly dividend will be payable on April 15, 2025, to shareholders of record as of the close of business on March 25, 2025.    3           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 March 4, 2025. A webcast of the call is expected to be available at www.investors.bestbuy.com ,   both live and after the call.  Notes: (1) Beginning in Q4 FY25, the company renamed all of its non-GAAP financials measures to adjusted financial measures; for example, non-GAAP SG&A has been renamed to adjusted SG&A. The methodology for calculating these measures remains unchanged, and therefore any previously reported non-GAAP financial measures that are renamed to corresponding adjusted financial measures remain unchanged. For GAAP to non-GAAP reconciliations of the adjusted measures used throughout this release, please refer to the attached supporting schedule .  (2) The method of calculating comparable sales varies across the retail industry. As a result, our method of calculating