Best Buy (BBY) Reports In-Line Q3 EPS, Comps Increase 4.4%, Q4 EPS Misses

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Best Buy Reports Third Quarter Results

November 16, 2017 7:00 AM EST

Enterprise Comparable Sales Increased 4.4%

Diluted EPS of $0.78 Increased 30%

Raising FY18 Financial Outlook

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended October 28, 2017 (Q3 FY18), as compared to the third quarter ended October 29, 2016 (Q3 FY17). The company reported diluted earnings per share from continuing operations of $0.78, an increase of 30% from $0.60 in Q3 FY17.

                  Q3 FY18     Q3 FY171 Revenue ($ in millions)2             Enterprise     $9,320     $8,945 Domestic segment     $8,491     $8,192... More