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Company News
Domestic Revenue Decreased 0.8%
Repurchased $203 million in Stock for a Year-to-Date Total of $588 million
Improving the Fourth Quarter Operating Margin Outlook
MINNEAPOLIS, Jan. 14, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced revenue results for the nine weeks ended January 2, 2016 as compared to the nine weeks ended Jan. 3, 2015. PDF version.
| Fiscal 2016 Holiday Revenue Summary | 9 weeks ended January 2, 2016 | 9 weeks ended January 3, 2015 |
| Enterprise Revenue ($ in millions)1 | $10,961 | $11,366 |
| Domestic segment | $10,050 | $10,132 |
| Domestic segment year-over-year revenue change | (0.8%) | 4.1% |
| International segment1 | $911 | $1,233 |
| Enterprise Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | (1.4%) | 1.8%4 |
| Estimated benefit of installment billing3 | 0.2% | 0.7% |
| Comparable sales % change2 | (1.2%) | 2.5%4 |
| Domestic Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | (1.4%) | 2.6% |
| Estimated benefit of installment billing3 | 0.2% | 0.8% |
| Comparable sales % change2 | (1.2%) | 3.4% |
| Comparable online sales % change2 | 12.6% | 13.4% |
Hubert Joly, Best Buy chairman and CEO, commented, “During the holiday period, Domestic revenue declined 0.8% against a backdrop where the NPD-reported categories were down a greater-than-expected 4.8%5.
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