BBY

Best Buy Reiterates FY25 Outlook; Declares Dividend - Update

(RTTNews) - While reporting financial results for the first quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) reiterated its adjusted earnings, revenue and comparable sales guidance for the full-year 2025. Comparable sales for the first quarter declined 6.1 percent.

For fiscal 2025, the company continues to project adjusted earnings in a range of $5.75 to $6.20 per share on revenues between $41.3 billion and $42.6 billion, with a comparable sales decline of 3.0 to 0.0 percent.

On average, 26 analysts polled by Thomson Reuters expect the company to report earnings of $6.02 per share on revenues of $42.01 billion for the year. Analysts' estimates typically exclude special items.

The company also announced its board of directors has authorized the payment of a regular quarterly cash dividend of $0.94 per common share, payable on July 11, 2024, to shareholders of record as of the close of business on June 20, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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