Best Buy (BBY) Raises Quarterly Dividend 11.1% to $0.50; New $3B Buyback

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Go back to Best Buy (BBY) Raises Quarterly Dividend 11.1% to $0.50; New $3B Buyback

Best Buy Reports Better-than-Expected Fourth Quarter Earnings

February 27, 2019 7:00 AM EST

Enterprise Comparable Sales Increased 3.0%

GAAP Diluted EPS Increased 119% to $2.69

Non-GAAP Diluted EPS Increased 12% to $2.72

Announces FY20 Non-GAAP Diluted EPS Guidance of $5.45 to $5.65

Increases Quarterly Dividend 11% to $0.50 per Share

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended February 2, 2019 (Q4 FY19), as compared to the 14-week fourth quarter ended February 3, 2018 (Q4 FY18).

The company estimates the extra week in Q4 FY18 added approximately... More