Best Buy Earnings Report: Q1 2025

Q1 2025 Key Takeaways

• Best Buy reported Q1 earnings with diluted EPS of 95 cents and adjusted EPS of $1.15. Revenue was $8.77 billion, slightly down from last year, but gross margin held steady with gains in the services category.

• The company updated its full-year guidance to reflect the impact of tariffs, trimming its sales and earnings outlook. While product prices haven’t changed yet, Best Buy noted it’s doing everything possible to avoid passing higher costs to customers.

• A $109 million restructuring charge tied to Best Buy Health also impacted results, and inventory remains above $5 billion.