Best Buy Co. Inc.

NYSE:BBY   3:59:52 PM EDT
+0.15 (+0.14%)
Positive Earnings Pre-Announcement

Best Buy Reports Better-Than-Expected First Quarter Results

Published: 05/27/2021 11:17 GMT
Best Buy Co. Inc. (BBY) - Best Buy Reports Better-than-expected First Quarter Results.
Q1 Non-GAAP Earnings per Share $2.23.
Q1 GAAP Earnings per Share $2.32.
Q1 Earnings per Share Estimate $1.37 -- Refinitiv Ibes Data (analyst estimates).
Raises Full-year Enterprise Comparable Sales Growth Outlook to a Range of 3% to 6%.
Qtrly Enterprise Comparable Sales Increased 37.2%.
Qtrly Enterprise Revenue $11,637 Million Versus $8,562 Million.
Leaving Original FY22 Back-half Sales Assumptions Unchanged.
Qtrly Domestic Comparable Online Sales Increased 7.6%.
Sees Q2 Enterprise Comparable Sales Growth of Approximately 17%.
Expect Share Repurchases of Approximately $2.5 Billion in FY22.
Q1 Revenue View $10.44 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $11.42 Billion
Adjusted EPS is expected to be $1.88

Next Quarter Revenue Guidance is expected to be $10.51 Billion
Next Quarter EPS Guidance is expected to be $1.36

More details on our Analysts Page.