best buy
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 $0.37
MINNEAPOLIS, Nov. 19, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter (“Q3 FY16”) ended October 31, 2015 as compared to the third quarter (“Q3 FY15”) ended November 1, 2014.
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Q3 FY16 | Q3 FY15 | |
Enterprise Revenue ($ 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.
Best Buy has received a perfect “100” rating and earned a place on the “Best Places to Work” list on The Human Rights Campaign (HRC) Foundation’s annual Corporate Equality Index.
It’s a recognition the company has now received 11 times.
The index provides in-depth analysis and ratings of large U.S. companies, taking into account the employers’ policies and practices put in place for lesbian, gay, bisexual and transgender employees.
Best Buy has several teams that contribute to attracting employees and supporting a diverse and inclusive workforce, including the PRIDE Employee Business Network (EBN), the Diversity & Inclusion Team and Human Resources.