Best Buy Co. Inc.

NYSE:BBY   3:59:58 PM EDT
106.15
-0.65 (-0.61%)
4:00:00 PM EDT: $106.13 -0.02 (-0.02%)
Positive Earnings Pre-Announcement

Best Buy Reports Q2 Non-GAAP EPS Of $2.98

Published: 08/24/2021 11:35 GMT
Best Buy Co. Inc. (BBY) - Best Buy Reports Better-than-expected Second Quarter Results.
Q2 Non-GAAP Earnings per Share $2.98.
Q2 GAAP Earnings per Share $2.90.
Q2 Earnings per Share Estimate $1.85 -- Refinitiv Ibes Data (analyst estimates).
Raises Full-year Enterprise Comparable Sales Growth Outlook to a Range of 9% to 11%.
Sees FY22 Enterprise Revenue of $51.0 Billion to $52.0 Billion.
Qtrly Enterprise Comparable Sales Increased 20%.
Sees Q3 Enterprise Revenue of $11.4 Billion to $11.6 Billion.
Sees Q3 Enterprise Comparable Sales Decline of -1% to -3%.
Qtrly Domestic Online Revenue of $3.49 Billion Decreased 28.1% on a Comparable Basis.
Best Buy Co - Qtrly Enterprise Revenue $11,849 Million Versus $9,910 Million.
Q2 Revenue View $11.49 Billion -- Refinitiv Ibes Data (analyst estimates).
Customer Demand for Technology Products and Services During Quarter Remained Very Strong.
FY2022 Revenue View $49.30 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees Share Repurchases of More Than $2.5 Billion in FY 2022.
Best Buy Co - Over Longer Term, Fundamentally in a Stronger Position Than Expected Just Two Years Ago.
Revenue is expected to be $11.42 Billion
Adjusted EPS is expected to be $1.82

Next Quarter Revenue Guidance is expected to be $16.52 Billion
Next Quarter EPS Guidance is expected to be $2.89

More details on our Analysts Page.