Enterprise Revenue Decreased 6.3%
Domestic Comparable Online Sales Increased 155.4%
GAAP Diluted EPS of $0.61
Non-GAAP Diluted EPS of $0.67
MINNEAPOLIS, May 21, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 2, 2020 (“Q1 FY21”), as compared to the 13-week first quarter ended May 4, 2019 (“Q1 FY20”).
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Q1 FY21 | Q1 FY20 | |||||
Revenue ($ in millions) | ||||||
Enterprise | $8,562 | $9,142 | ||||
Domestic segment | $7,915 | $8,481 | ||||
International segment | $647 | $661 | ||||
Enterprise comparable sales % change1 | (5.3)% | 1.1% | ||||
Domestic comparable sales % change1 | (5.7)% | 1.3% | ||||
Domestic comparable online sales % change1 | 155.4% | 14.5% | ||||
International comparable sales % change1 | 0.2% | (1.2)% | ||||
Operating Income | ||||||
GAAP operating income as a % of revenue | 2.7% | 3.7% | ||||
Non-GAAP operating income as a % of revenue | 2.9% | 3.8% | ||||
Diluted Earnings per Share (“EPS”) | ||||||
GAAP diluted EPS | $0.61 | $0.98 | ||||
Non-GAAP diluted EPS | $0.67 | $1.02 |
For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.