Best Buy Cuts FY25 Revenue Outlook From $41.3B - $41.9B To $41.1B - $41.5B, Est $41.592B; Revises Adj EPS Outlook From $6.10 - $6.35 To $6.10 - $6.25 (Est $6.25)

Matt Bilunas, Best Buy CFO, said "At the same time, we are maintaining our full year non-GAAP operating income rate of 4.1% to 4.2%, which represents slight expansion compared to FY24 on a 52-week basis."

Comparable sales1 of (3.5%) to (2.5%), which compares to prior guidance of (3.0%) to (1.5%).