Enterprise comparable sales increased 1.6%.
Best Buy Quarterly Earnings
The company reported GAAP diluted EPS increased 37% to $1.91.
Best Buy reported its Third Quarter results, and domestic comparable sales increased 1.8 percent.
Best Buy reported its Second Quarter results and domestic comparable sales increased 0.8 percent.
The company reported GAAP diluted earnings from continuing operations of $0.69, an increase from $0.10 in Q1 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.44, an increase of 19% from $0.37 in Q1 FY16.
Non-GAAP Diluted EPS from Continuing Operations Increased 3% to $1.53
GAAP Diluted EPS from Continuing Operations Decreased 5% to $1.39
Domestic Segment Revenue Decreased 1.5%
Repurchased $615 million in Stock for a Fiscal 2016 Total of $1 billion
MINNEAPOLIS, February 25, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY16”) and year ended January 30, 2016 (“FY16”), as compared to the fourth quarter (“Q4 FY15”) and year ended January 31, 2015 (“FY15”). PDF Version.
Domestic Segment Revenue Increased 1.2%
Non-GAAP Diluted EPS from Continuing Operations Increased 21% to $0.41
GAAP Diluted EPS from Continuing Operations Increased 12% to $0.37
MINNEAPOLIS, Nov. 19, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter (“Q3 FY16”) ended October 31, 2015 as compared to the third quarter (“Q3 FY15”) ended November 1, 2014.
Printable PDF version: Click here
| Q3 FY16 | Q3 FY15 | |
| Enterprise Revenue ($ in millions)1 | $8,819 | $9,032 |
| Domestic segment | $8,090 | $7,992 |
| International segment1 | $729 | $1,040 |
| Enterprise Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | 0.5% | 2.2%4 |
| Estimated benefit of installment billing3 | 0.3% | 0.7% |
| Comparable sales % change2 | 0.8% | 2.9%4 |
| Domestic Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | 0.5% | 2.4% |
| Estimated benefit of installment billing3 | 0.3% | 0.8% |
| Comparable sales % change2 | 0.8% | 3.2% |
| Comparable online sales % change2 | 18.3% | 21.6% |
| Q3 FY16 | Q3 FY15 | |
| Operating Income: | ||
| GAAP operating income as a % of revenue | 2.6% | 2.3% |
| Non-GAAP operating income as a % of revenue5 | 2.8% | 2.4% |
| Diluted Earnings per Share (EPS): | ||
| GAAP diluted EPS from continuing operations | $0.37 | $0.33 |
| Impact of non-restructuring SG&A charges6 | $0.02 | $0.02 |
| Impact of restructuring charges6 | $0.02 | $0.01 |
| Impact of gain on investments, net | $0.00 | ($0.01) |
| Income tax impact of Non-GAAP adjustments7 | $0.00 | ($0.01) |
| Non-GAAP diluted EPS from continuing operations5 | $0.41 | $0.34 |
Hubert Joly, Best Buy chairman and CEO, commented, “We have delivered another quarter of Domestic comparable sales growth and operating income expansion.
Domestic Segment Revenue Increased 3.9%
Non-GAAP Diluted EPS from Continuing Operations Increased 17% to $0.49
GAAP Diluted EPS from Continuing Operations Increased 18% to $0.46
MINNEAPOLIS, August 25, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY16”) ended August 1, 2015 as compared to the second quarter (“Q2 FY15”) ended August 2, 2014.
Printable PDF version: Click here
| Q2 FY16 | Q2 FY15 | |
| Enterprise Revenue ($ in millions)1 | $8,528 | $8,459 |
| Domestic segment | $7,878 | $7,585 |
| International segment1 | $650 | $874 |
| Enterprise Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | 2.7% | (2.2%)4 |
| Estimated benefit of installment billing3 | 1.1% | — |
| Comparable sales % change2 | 3.8% | (2.2%)4 |
| Domestic Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | 2.7% | (2.0%) |
| Estimated benefit of installment billing3 | 1.1% | — |
| Comparable sales % change2 | 3.8% | (2.0%) |
| Comparable online sales % change2 | 17.0% | 22.0% |
| Q2 FY16 | Q2 FY15 | |
| Operating Income: | ||
| GAAP operating income as a % of revenue | 3.4% | 2.7% |
| Non-GAAP operating income as a % of revenue5 | 3.4% | 2.9% |
| Diluted Earnings per Share (EPS): | ||
| GAAP diluted EPS from continuing operations | $0.46 | $0.39 |
| Impact of cathode ray tube (CRT) settlements6 | ($0.03) | $0.00 |
| Impact of non-restructuring SG&A charges7 | $0.03 | $0.02 |
| Impact of restructuring charges7 | $0.03 | $0.01 |
| Non-GAAP diluted EPS from continuing operations5 | $0.49 | $0.42 |
Hubert Joly, Best Buy chairman and CEO, commented, “We believe these better-than-expected second quarter results are affirmation that our strategy of offering advice, service and convenience at competitive prices is paying off.
Non-GAAP Diluted EPS from Continuing Operations of $0.37
GAAP Diluted EPS from Continuing Operations of $0.10
MINNEAPOLIS — May 21, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter (“Q1 FY16”) ended May 2, 2015 as compared to the first quarter (“Q1 FY15”) ended May 3, 2014. During the quarter, as announced on March 28, 2015, the company consolidated the Future Shop and Best Buy brands in Canada under the Best Buy brand.
Non-GAAP Diluted EPS from Continuing Operations of $1.48
GAAP Diluted EPS from Continuing Operations of $1.47
Annualized Renew Blue Cost Reductions Reach $1.02 billion
MINNEAPOLIS — March 3, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY15”) and year ended January 31, 2015 (“FY15”), as compared to the fourth quarter (“Q4 FY14”) and year ended February 1, 2014 (“FY14”). The company today also announced that on February 13, 2015, it completed the sale of its Five Star business in China, which was classified as held for sale as of January 31, 2015, and is reporting the Five Star results in discontinued operations.
Enterprise revenue increased 2.1%
Domestic comparable sales increased 2.6%, excluding the
benefit of mobile phone installment billing
MINNEAPOLIS — Jan. 15, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced revenue results for the nine weeks ended January 3, 2015, as compared to the nine weeks ended January 4, 2014, excluding revenue from the Five Star business in China. As announced on December 4, 2014, the company entered into a definitive agreement for the sale of its Five Star business in China and expects to include its results in discontinued operations beginning in Q4 FY15.
Non-GAAP diluted EPS from continuing operations of $0.44
GAAP diluted EPS from continuing operations of $0.42
$40 million in additional annualized Renew Blue cost reductions, bringing the cumulative total to $900 million
MINNEAPOLIS, August 26, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter (“Q2 FY15”) ended August 2, 2014 as compared to the 13-week second quarter (“Q2 FY14”) ended August 3, 2013.
| Revenue | Q2 FY15 | Q2 FY14 |
| Revenue ($ in millions) | $8,896 | $9,266 |
| Comparable sales % change1 | (2.7%) | (0.6%) |
| Domestic Segment: | ||
| Comparable sales % change | (2.0%) | (0.4%) |
| Comparable online sales % change | 22.0% | 10.5% |
| International Segment: | ||
| Comparable sales % change | (6.7%) | (1.8%) |
| Operating Income | Q2 FY15 | Q2 FY14 |
| GAAPoperating income as a % of revenue | 2.7% | 4.5% |
| Non-GAAPoperating income as a % of revenue2 | 2.9% | 2.2% |
| Diluted EPS | Q2 FY15 | Q2 FY14 |
| GAAP diluted EPS from continuing operations | $0.42 | $0.69 |
| Impact of net LCD settlements3 | $0.00 | ($0.43) |
| Impact of non-restructuring asset impairments | $0.02 | $0.03 |
| Impact of restructuring charges | $0.00 | $0.01 |
| Impact of gain on sale of investments | $0.00 | ($0.03) |
| Benefit of income tax impact of Best Buy Europe sale | $0.00 | $0.05 |
| Non-GAAP diluted EPS from continuing operations2 | $0.44 | $0.32 |
Hubert Joly, Best Buy president and CEO, commented, “In the second quarter, we delivered $8.9 billion in revenue and $0.44 in non-GAAP diluted earnings per share versus $0.32 last year.