Best Buy Reports Third Quarter Results
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Best Buy (BBY) Tops Q3 EPS by 36c, Revenues Beat
November 24, 2020 7:02 AM ESTBest Buy (NYSE: BBY) reported Q3 EPS of $2.06, $0.36 better than the analyst estimate of $1.70. Revenue for the quarter came in at $11.85 billion versus the consensus estimate of $11 billion.
Enterprise Comparable Sales Increased 23%Domestic Comparable Online Sales Increased 174%Today, we are once again reporting strong quarterly results in the midst of unprecedented times, said Corie Barry, Best Buy CEO. Our comparable sales grew a remarkable 23% as we leveraged our unique capabilities, including our supply chain expertise, flexible store operating model and ability to shift quickly to digital, to meet what is... More
