Best Buy Revenue Upbeat, Health Drags
Best Buy surpassed earnings expectations for its fourth quarter, but faced challenges in its health division.
Best Buy (NYSE:BBY), a leading consumer electronics retailer, reported its fourth-quarter results on March 4, 2025.
The company outperformed analyst estimates with an adjusted earnings per share (EPS) of $2.58 against a forecast of $2.40. Revenue came in at $13.95 billion, surpassing the expected $13.68 billion. This positive performance was driven by strong holiday sales, particularly in the computing segment. Despite this, the quarter was marred by a $475 million goodwill impairment charge related to its health division, posing weaker long-term business prospects.
Overall, Best Buy closed the quarter with solid sales, though facing ongoing sector-specific challenges.
