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Best Buy reports Q1 EPS $1.20, consensus $1.08

Reports Q1 revenue $8.85B, consensus $8.96B. Reports Q1 comparable sales down 6.1%. “Today we are reporting better-than-expected Q1 profitability,” said Corie Barry, Best Buy CEO. “Through strong execution, we continued to manage our profitability while at the same time preparing for future growth. We made progress on our FY25 priorities, grew our paid membership base and drove improvements in our customer experiences.”

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