Best Buy reported Q2 fiscal 2025 revenue of $9.3 billion, down 3.1% year-over-year, with comparable sales declining 2.3%. Despite the revenue drop, operating income increased to $383 million from $348 million last year, while gross profit margin improved to 23.5% from 23.2%. The company delivered earnings per share of $1.34, up from $1.25 in the prior year.The Domestic segment saw growth in tablets, computing and services categories, though this was offset by declines in appliances, home theater and gaming. Online revenue represented 31.5% of total domestic revenue at $2.7 billion. The company's services category, including membership offerings, showed strong performance with comparable sales growth of 8.5%, helping to boost overall profitability.Looking ahead, Best Buy continues to execute its fiscal 2025 priorities, focusing on enhancing customer experiences and driving operational efficiencies. The company maintained strong liquidity with $1.4 billion in cash and cash equivalents, while returning value to shareholders through $203 million in dividends and $98 million in share repurchases during the quarter. Management expects capital expenditures of approximately $750 million for fiscal 2025.

Best Buy reported Q2 fiscal 2025 revenue of $9.3 billion, down 3.1% year-over-year, with comparable sales declining 2.3%. Despite the revenue drop, operating income increased to $383 million from $348 million last year, while gross profit margin improved to 23.5% from 23.2%. The company delivered earnings per share of $1.34, up from $1.25 in the prior year.The Domestic segment saw growth in tablets, computing and services categories, though this was offset by declines in appliances, home theater and gaming. Online revenue represented 31.5% of total domestic revenue at $2.7 billion. The company's services category, including membership offerings, showed strong performance with comparable sales growth of 8.5%, helping to boost overall profitability.Looking ahead, Best Buy continues to execute its fiscal 2025 priorities, focusing on enhancing customer experiences and driving operational efficiencies. The company maintained strong liquidity with $1.4 billion in cash and cash equivalents, while returning value to shareholders through $203 million in dividends and $98 million in share repurchases during the quarter. Management expects capital expenditures of approximately $750 million for fiscal 2025.