Best Buy raises FY25 EPS view to $6.10-$6.35 from $5.75-$6.20

Consensus $6.08. Narrows FY25 revenue view to $41.3B-$41.9B from $41.3B-$42.6B, consensus $41.81B. Cuts FY25 comparable sales view to down 1.5%-3% from down 3% to flat. “As we look to the back half of the year, we expect our industry to continue to show increasing stabilization,” said Matt Bilunas, Best Buy CFO. “Last quarter we said we believed we were likely trending towards the midpoint of our original comparable sales guidance and today we are updating our annual comparable sales guidance range to a decline of 1.5% to 3.0%. At the same time, we are raising our non-GAAP diluted EPS guidance range as we largely flow through the better-than-expected profitability of the first half of the year.”