Best Buy (BBY) Tops Q3 EPS by 18c, Offers Guidance

Best Buy (NYSE: BBY) reported Q3 EPS of $2.08, $0.18 better than the analyst estimate of $1.90. Revenue for the quarter came in at $11.91 billion versus the consensus estimate of $11.56 billion.

GUIDANCE:

Best Buy sees Q4 2022 revenue of $16.4-16.9 billion, versus the consensus of $16.7 billion.

• Comparable sales growth of -2.0% to +1.0%
• Non-GAAP gross profit rate2 decline of approximately 30 basis points to last year
• Non-GAAP SG&A2 dollar growth of approximately 8% to last year
• Non-GAAP effective income tax rate2 of approximately 24.0%

For earnings history and earnings-related data on Best Buy (BBY) click here.

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