'As we enter FY24, the consumer electronics industry continues to feel the effects of the broader macro environment and its impact on consumers,' said Matt Bilunas, Best Buy CFO. Our initiatives to deliver our omnichannel retail model evolution, build customer relationships through membership, and remove cost and improve efficiency and effectiveness will allow us to deliver even more experiences no one else can and capitalize on the opportunities ahead of us.' 'At the same time, we remain incredibly excited about our industry and our future - there are more technology products than ever in peoples' homes, technology is increasingly a necessity in our lives, and technology innovation will continue. 'We believe the macro and industry backdrop will continue to be pressured in FY24 and we will continue to adjust,' Barry added. 'Throughout Q4 and FY23, we remained committed to balancing our near-term response to current conditions and managing well what is in our control, while also advancing our strategic initiatives and investing in areas important for our long-term performance.' 'Today we are reporting Q4 sales that were in line with our expectations and profitability that was better than expected,' said Corie Barry, Best Buy CEO. (NYSE: BBY) today announced results for the 13-week fourth quarter ended Janu('Q4 FY23'), as compared to the 13-week fourth quarter ended Janu('Q4 FY22').įor GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule. * Expects FY24 Non-GAAP Diluted EPS of $5.70 to $6.50

* Increased Quarterly Dividend 5% to $0.92 per Share

Best buy cac reader for mac