diff --git a/django-stubs/core/management/base.pyi b/django-stubs/core/management/base.pyi
index fc3d34b..9026b30 100644
--- a/django-stubs/core/management/base.pyi
+++ b/django-stubs/core/management/base.pyi
@@ -73,7 +73,7 @@ class BaseCommand:
     def add_arguments(self, parser: CommandParser) -> None: ...
     def print_help(self, prog_name: str, subcommand: str) -> None: ...
     def run_from_argv(self, argv: List[str]) -> None: ...
-    def execute(self, *args: Any, **options: Any) -> Any: ...
+    def execute(self, *args: Any, **options: Any) -> Optional[str]: ...
     def check(
         self,
         app_configs: Optional[Sequence[AppConfig]] = ...,