Raises FY adj EPS guidance to 6.10-6.35 usd (Il Sole 24 Ore Radiocor) - New York, 29 Aug - 'As we look to the back half of the year, we expect our industry to continue to show increasing stabilization,' said Matt Bilunas, Best Buy's chief financial officer.

'For Q3 FY25, we expect comparable sales to decline by approximately 1.0% and our non-GAAP operating income rate to be approximately 3.7%,' he added.

For the full year, Best Buy now anticipates revenue of 41.3-41.9 billion dollars, which compares to a prior guidance of 41.3-42.6 billion dollars.

Comparable sales1 of (3.0%) to (1.5%), which compares to prior guidance of (3.0%) to 0.0% Enterprise adjusted operating income rate in now seen coming in at 4.1-4.2% against a previous estimate of 3.9-4.1%.

Adjusted diluted EPS is now predicted at 6.10-6.35 dollars, up from 5.75-6.20 dollars previously.

Capital expenditure is still forecast at approximately 750 million dollars.

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(RADIOCOR) 29-08-24 19:18:27 (0549) 5 NNNN