Best Buy sees FY25 EPS $5.75-$6.20, consensus $6.13

Sees FY25 revenue $41.3B-$42.6B, consensus $42.37B. Sees FY25 comparable sales down 3% to flat. Sees FY25 tax rate 25%. Sees FY25 capital expenditures $750M-$800M. “As we enter FY25, we are energized about delivering on our purpose to Enrich Lives through Technology in our vibrant, always changing industry,” continued Barry. “In what we expect to be a year of increasing industry sales stabilization, we are focused on sharpening our customer experiences and industry positioning while maintaining, if not expanding, our operating income rate on a 52-week basis.”