Best Buy (BBY) PT, Estimates Lifted at Jefferies Post Q1

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Best Buy Reports First Quarter Results

May 21, 2015 7:00 AM EDT

Non-GAAP Diluted EPS from Continuing Operations of $0.37

GAAP Diluted EPS from Continuing Operations of $0.10

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter (Q1 FY16) ended May 2, 2015 as compared to the first quarter (Q1 FY15) ended May 3, 2014. During the quarter, as announced on March 28, 2015, the company consolidated the Future Shop and Best Buy brands in Canada under the Best Buy brand. This consolidation is expected to have a material impact on all of the Canadian retail stores and the... More