Best Buy (BBY) Tops Q1 EPS by 20c, Sales Beat

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Go back to Best Buy (BBY) Tops Q1 EPS by 20c, Sales Beat

Best Buy Reports Better-than-Expected First Quarter Revenue and Profit

May 25, 2017 7:00 AM EDT

Enterprise Comparable Sales Increased 1.6%

Diluted EPS of $0.60

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter ended April 29, 2017 (Q1 FY18), as compared to the first quarter ended April 30, 2016 (Q1 FY17). The company reported GAAP diluted earnings per share from continuing operations of $0.60, a decrease of 13% from $0.69 in Q1 FY17, entirely driven by the large CRT settlement proceeds received last year which did not recur in Q1 FY18. Non-GAAP diluted earnings per share from continuing operations were $0.60, an increase of 40% from $0.43 in Q1 FY17.

                  Q1 FY18    ... More