Best Buy (BBY) Tops Q2 EPS by 14c; Comps Outpace

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Go back to Best Buy (BBY) Tops Q2 EPS by 14c; Comps Outpace

Best Buy Reports Better-Than-Expected Second Quarter Results

August 23, 2016 7:00 AM EDT

Domestic Segment Comparable Sales Increased 0.8%

GAAP Diluted EPS Increased 22% to $0.56

Non-GAAP Diluted EPS Increased 16% to $0.57

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended July 30, 2016 (Q2 FY17), as compared to the second quarter ended August 1, 2015 (Q2 FY16). The company reported GAAP diluted earnings per share from continuing operations of $0.56, an increase of 22% from $0.46 in Q2 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.57, an increase of 16% from $0.49 in Q2 FY16.

              Q2 FY17     Q2 FY16 Revenue ($ in millions)1             Enterprise     $ 8,533      ... More