- Comparable Sales Decreased 8.0% Compared to 37.2% Growth in Q1 FY22
- GAAP Diluted EPS of $1.49
- Non-GAAP Diluted EPS of $1.57
MINNEAPOLIS, May 24, 2022 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended April 30, 2022 (“Q1 FY23”), as compared to the 13-week first quarter ended May 1, 2021 (“Q1 FY22”).
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| Q1 FY23 | Q1 FY22 | |
| Revenue ($ in millions) | ||
| Enterprise | $ 10,647 | $ 11,637 |
| Domestic segment | $ 9,894 | $ 10,841 |
| International segment | $ 753 | $ 796 |
| Enterprise comparable sales % change1 | (8.0) % | 37.2 % |
| Domestic comparable sales % change1 | (8.5) % | 37.9 % |
| Domestic comparable online sales % change1 | (14.9) % | 7.6 % |
| International comparable sales % change1 | (1.4) % | 27.8 % |
| Operating Income | ||
| GAAP operating income as a % of revenue | 4.3 % | 6.6 % |
| Non-GAAP operating income as a % of revenue | 4.6 % | 6.4 % |
| Diluted Earnings per Share (“EPS”) | ||
| GAAP diluted EPS | $ 1.49 | $ 2.32 |
| Non-GAAP diluted EPS | $ 1.57 | $ 2.23 |
For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.
