Best Buy Reports Second Quarter Results

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Go back to Best Buy Reports Second Quarter Results

Best Buy (BBY) Tops Q2 EPS by 63c, Sales Beat; Enterprise Comparable Sales Increased 5.8%

August 25, 2020 7:01 AM EDT

Best Buy (NYSE: BBY) reported Q2 EPS of $1.71, $0.63 better than the analyst estimate of $1.08. Revenue for the quarter came in at $9.91 billion versus the consensus estimate of $9.71 billion.

Enterprise Comparable Sales Increased 5.8%Domestic Comparable Online Sales Increased 242%

Today, we are reporting strong quarterly results in the midst of unprecedented times, said Corie Barry, Best Buy CEO. We are encouraged to see the customer demand for our products and services and are proud of the amazing execution of our teams. However, we have not lost sight of the fact... More