Best Buy Co., Inc. (BBY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's fourth quarter fiscal 2025 earnings conference call. As a reminder, this call is being recorded for playback and will be available by approximately 1 p.m. Eastern time today. If you need assistance on the call at any time, please press star zero and an operator will assist you. I will now turn the conference over to Molly O'Brien, head of investor relations. Thank you and good morning, everyone. Joining me on the call today are Corey Berry, our CEO, Matt Ballounis, our CFO, and Jason Bonfeng, our Senior Executive Vice President of Customer Offering and Fulfillment. During the call today, we will be discussing both GAAP and non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures and an explanation of why these non-GAAP financial measures are useful can be found in this morning's earnings release. which is available on our website, investors.bestbuy.com. Beginning this quarter, we have renamed all of our non-GAAP financial measures to adjusted financial measures. For example, non-GAAP SG&A has been renamed to adjusted SG&A. The methodology for calculating these measures remains unchanged. And therefore, any previously reported non-GAAP financial measures that are renamed to corresponding adjusted financial measures remain unchanged. In addition, I want to remind you that fiscal 25 had 52 weeks compared to 53 weeks in fiscal 24. We estimate the impact of the extra week in Q4 fiscal 24 added approximately $735 million in revenue, approximately 15 basis points of adjusted operating income rate, and approximately 30 cents of adjusted diluted EPS to the full year results. Comparable sales for the 14 week Q4 fiscal 24 and 5...