Best Buy Reports Better-Than-Expected First Quarter Results

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Best Buy (BBY) Tops Q1 EPS by 88c, Raises Guidance

May 27, 2021 7:02 AM EDT

Best Buy (NYSE: BBY) reported Q1 EPS of $2.23, $0.88 better than the analyst estimate of $1.35. Revenue for the quarter came in at $11.64 billion versus the consensus estimate of $10.3 billion.

Enterprise Comparable Sales Increased 37.2%

Financial Outlook:

Best Buy CFO Matt Bilunas said, The year has clearly started out much stronger than we originally expected.... More