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1、 Best Buy Reports First Quarter Results Comparable Sales Decreased 0.7%Diluted EPS of$0.95 Adjusted Diluted EPS of$1.15 Expects FY26 Adjusted Diluted EPS of$6.15 to$6.30 MINNEAPOLIS,May 29,2025-Best Buy Co.,Inc.(NYSE:BBY)today announced results for the 13-week first quarter ended May 3,2025(“Q1 FY26

2、”),as compared to the 13-week first quarter ended May 4,2024(“Q1 FY25”).Q1 FY26 Q1 FY25 Revenue($in millions)Enterprise$8,767$8,847 Domestic segment$8,127$8,203 International segment$640$644 Enterprise comparable sales%change1 (0.7)%(6.1)%Domestic comparable sales%change1 (0.7)%(6.3)%Domestic compar

3、able online sales%change1 2.1%(6.1)%International comparable sales%change1 (0.7)%(3.3)%Operating Income Operating income as a%of revenue 2.5%3.5%Adjusted operating income as a%of revenue 3.8%3.8%Diluted Earnings per Share(EPS)Diluted EPS$0.95$1.13 Adjusted diluted EPS$1.15$1.20 For GAAP to non-GAAP

4、reconciliations of the consolidated adjusted measures used throughout this release,please refer to the attached supporting schedule.“Im proud of how our teams have been navigating the environment and planning our business within dynamic macroeconomic conditions,”said Corie Barry,Best Buy CEO.“Agains

5、t this backdrop,we executed well in Q1 and delivered in-line revenue and better-than-expected adjusted operating income.”Barry continued,“We remain focused on our FY26 strategic priorities,which include the following:1)drive omni-channel experience improvements that resonate with our customers;2)lau

6、nch and scale incremental profit streams,including Best Buy Marketplace and Best Buy Ads;and 3)drive operational effectiveness and efficiency to fund strategic investments and offset pressures.”“Today we are updating our full year guidance to incorporate the impact of tariffs,”said Matt Bilunas,Best