Best Buy (BBY) Tops Q2 EPS by 8c, Comps Increase 6.2%, Raises FY Guidance

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Go back to Best Buy (BBY) Tops Q2 EPS by 8c, Comps Increase 6.2%, Raises FY Guidance

Best Buy Reports Better-than-Expected Second Quarter Results

August 28, 2018 7:00 AM EDT

Enterprise Comparable Sales Increased 6.2%

GAAP Diluted EPS Increased 28% to $0.86

Non-GAAP Diluted EPS Increased 32% to $0.91

Raising FY19 Financial Guidance

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended August 4, 2018 (Q2 FY19), as compared to the second quarter ended July 29, 2017 (Q2 FY18). The company reported Q2 FY19 GAAP diluted earnings per share of $0.86, an increase of 28% from $0.67 in Q2 FY18. Non-GAAP diluted earnings per share for Q2 FY19 were $0.91, an increase of 32% from $0.69 in Q2 FY18.

Q2 FY19 Q2 FY18 Revenue ($ in millions):... More