Geek Squad passed on the sheet cake for its 20th birthday.
Instead, Geek Squad hit Wall Street and celebrated its 20th birthday by ringing the bell at the New York Stock Exchange.
President of Geek Squad Chris Askew was flanked by some of the nation’s best and brightest who wear black and orange (in addition to a couple hand-picked and lucky Blue Shirts, too).
“This trip means the world to me,” said Cody Halvorson, a Precinct Agent from Reno, Nev., who was the individual to ring the bell.
Non-GAAP diluted EPS from continuing operations of $0.33
GAAP diluted EPS from continuing operations of $1.31
$95 million in additional annualized Renew Blue cost reductions
MINNEAPOLIS, May 22, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter (“Q1 FY15”) ended May 3, 2014 as compared to the 13-week first quarter (“Q1 FY14”) ended May 4, 2013.
| Revenue | Q1 FY15 | Q1 FY14 |
| Revenue ($ in millions) | $9,035 | $9,347 |
| Comparable sales % change1 | (1.9%) | (1.4%) |
| Domestic Segment: | ||
| Comparable sales % change | (1.3%) | (1.2%) |
| Comparable online sales % change | 29.2% | 16.3% |
| International Segment: | ||
| Comparable sales % change | (5.8%) | (2.8%) |
| Operating Income | Q1 FY15 | Q1 FY14 |
| GAAPoperating income as a % of revenue | 2.2% | 1.8% |
| Non-GAAPoperating income as a % of revenue2 | 2.3% | 2.0% |
| Diluted EPS | Q1 FY15 | Q1 FY14 |
| GAAP diluted EPS from continuing operations | $1.31 | $0.29 |
| Impact of non-restructuring asset impairments | 0.02 | 0.02 |
| Impact of restructuring charges | 0.01 | 0.01 |
| Benefit of income tax effect of Europe legal entity reorganization | (1.01) | 0.00 |
| Non-GAAP diluted EPS from continuing operations2 | $0.33 | $0.32 |
Hubert Joly, Best Buy president and CEO, commented, “This quarter reflects continued progress in our Renew Blue transformation.