Best Buy (BBY) Tops Q2 EPS by 6c, Comps Beat; Raises Outlook

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Go back to Best Buy (BBY) Tops Q2 EPS by 6c, Comps Beat; Raises Outlook

Best Buy Reports Better-than-Expected Second Quarter Results

August 29, 2017 7:00 AM EDT

Enterprise Comparable Sales Increased 5.4%

GAAP Diluted EPS of $0.67 Increased 20%

Non-GAAP Diluted EPS of $0.69 Increased 21%

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended July 29, 2017 (Q2 FY18), as compared to the second quarter ended July 30, 2016 (Q2 FY17). The company reported GAAP diluted earnings per share from continuing operations of $0.67, an increase of 20% from $0.56 in Q2 FY17. Non-GAAP diluted earnings per share from continuing operations were $0.69, an increase of 21% from $0.57 in Q2 FY17.

              Q2 FY18   Q2 FY171 Revenue ($ in millions)2         Enterprise   $8,940... More