Best Buy reported its first-quarter earnings, revealing mixed results amid a challenging sales environment. The company posted an adjusted EPS of $1.20, surpassing the estimated $1.08, while revenue fell short at $8.85 billion against the expected $8.97 billion. GAAP Diluted EPS increased 2% to $1.13. Comparable sales declined by 6.1%, exceeding the anticipated 4.99% drop. Despite the sales slump, Best Buy maintained its FY25 non-GAAP EPS guidance range of $5.75 to $6.20 and its FY25 revenue forecast of $41.3 billion to $42.6 billion. The company attributed the softer sales to a mix of macroeconomic factors affecting consumer spending on electronics and appliances. CEO remarked, "Today we are reporting better-than-expected Q1 profitability. The mix of macro factors continued to create a challenging sales environment for our category during the quarter and our sales were slightly softer than our expectations." Best Buy's stock showed a mixed reaction, initially rising by 6.4% pre-market but remaining flat overall, with a +1.5% gain post-market.