Best Buy reported fiscal 2025 revenue of $41.5 billion, down 4.4% from $43.5 billion in fiscal 2024, with comparable sales declining 2.3% amid a challenged consumer electronics industry. Gross profit margin improved to 22.6% from 22.1%, driven by enhanced services performance including membership offerings, though partially offset by lower product margins.The company recorded a $475 million goodwill impairment charge related to its Best Buy Health reporting unit in Q4, primarily due to downward revisions in revenue growth and margin projections. Operating income decreased to $1.26 billion from $1.57 billion, while diluted EPS fell to $4.28 from $5.68, mainly impacted by the goodwill impairment.Looking ahead, Best Buy plans to launch its new Marketplace platform in mid-fiscal 2026 and expand its Best Buy Ads retail media network. The company will focus on enhancing digital experiences through AI implementation, optimizing store operations, and pursuing operational efficiencies to offset business pressures while maintaining its commitment to shareholder returns, including a 1% increase in quarterly dividend to $0.95 per share.

Best Buy reported fiscal 2025 revenue of $41.5 billion, down 4.4% from $43.5 billion in fiscal 2024, with comparable sales declining 2.3% amid a challenged consumer electronics industry. Gross profit margin improved to 22.6% from 22.1%, driven by enhanced services performance including membership offerings, though partially offset by lower product margins.The company recorded a $475 million goodwill impairment charge related to its Best Buy Health reporting unit in Q4, primarily due to downward revisions in revenue growth and margin projections. Operating income decreased to $1.26 billion from $1.57 billion, while diluted EPS fell to $4.28 from $5.68, mainly impacted by the goodwill impairment.Looking ahead, Best Buy plans to launch its new Marketplace platform in mid-fiscal 2026 and expand its Best Buy Ads retail media network. The company will focus on enhancing digital experiences through AI implementation, optimizing store operations, and pursuing operational efficiencies to offset business pressures while maintaining its commitment to shareholder returns, including a 1% increase in quarterly dividend to $0.95 per share.