earnings

BBY_Q2_FY23

30 Aug: Best Buy reports Q2 FY23 results

Comparable Sales Declined 12.1% Compared to 19.6% Growth in Q2 FY22

GAAP Diluted EPS of $1.35

Non-GAAP Diluted EPS of $1.54

MINNEAPOLIS, August 30, 2022 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended July 30, 2022 (“Q2 FY23”), as compared to the 13-week second quarter ended July 31, 2021 (“Q2 FY22”).

Click here to view full release and statements.

  Q2 FY23  Q2 FY22
Revenue ($ in millions)
Enterprise$10,329$11,849
Domestic segment$9,569$11,011
International segment$760$838
Enterprise comparable sales % change1(12.1)%19.6%
Domestic comparable sales % change1(12.7)%20.8%
Domestic comparable online sales % change1(14.7)%(28.1)%
International comparable sales % change1(4.2)%5.0%
Operating Income  
GAAP operating income as a % of revenue3.6%6.7%
Non-GAAP operating income as a % of revenue4.1%6.9%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$1.35$2.90
Non-GAAP diluted EPS$1.54$2.98

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

Q1 FY23 earnings

24 May: Best Buy reports Q1 FY23 results

  • 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”).

(Click here to view full release and statements.)

  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.

MicrosoftTeams-image (24)

03 Mar: Best Buy reports Q4 FY22 results

  • Q4 Comparable Sales Decreased 2.3% Compared to 12.6% Growth in Q4 FY21
  • Q4 GAAP Diluted EPS of $2.62
  • Q4 Non-GAAP Diluted EPS of $2.73
  • FY22 GAAP Operating Income Rate of 5.9%
  • FY22 Non-GAAP Operating Income Rate of 6.0%
  • Increased Quarterly Dividend 26% to $0.88 per Share
  • Expects FY23 Non-GAAP Diluted EPS of $8.85 to $9.15
  • Expects FY25 Revenue of $53.5 billion to $56.5 billion
  • Expects FY25 Non-GAAP Operating Income Rate of 6.3% to 6.8%

MINNEAPOLIS, March 3, 2022 — Best Buy Co.,

Blog_Hero_Q3_FY22

23 Nov: Best Buy reports better-than-expected Q3 FY22 results

Domestic Comparable Sales Increased 2.0% on Top of 22.6% Last Year

GAAP Diluted EPS Increased 35% to $2.00

Non-GAAP Diluted EPS Increased 1% to $2.08

Raises Full-Year Enterprise Comparable Sales Growth Outlook to a

Range of 10.5% to 11.5%

MINNEAPOLIS, November 23, 2021 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended October 30, 2021 (“Q3 FY22”), as compared to the 13-week third quarter ended October 31, 2020 (“Q3 FY21”).

 Q3 FY22Q3 FY21
Revenue ($ in millions)  
Enterprise$11,910 $11,853
Domestic segment$10,985 $10,850
International segment$925 $1,003
Enterprise comparable sales % change1 1.6%23.0%
Domestic comparable sales % change1 2.0% 22.6%
Domestic comparable online sales % change1 (10.1)% 173.7%
International comparable sales % change1 (3.0)% 27.3%
Operating Income  
GAAP operating income as a % of revenue 5.6% 4.7%
Non-GAAP operating income as a % of revenue 5.8% 6.1%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$2.00 $1.48
Non-GAAP diluted EPS$2.08 2.06

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

Blog_Hero_Earnings_Blog

24 Aug: Best Buy reports better-than-expected Q2 FY22 results

Enterprise Comparable Sales Increased 20%

GAAP Diluted EPS Increased 76% to $2.90

Non-GAAP Diluted EPS Increased 74% to $2.98

Excluding a $0.47 Benefit from a Lower Year-Over-Year Effective Tax Rate, GAAP and Non-GAAP Diluted EPS Increased Approximately 47%

Raises Full-Year Enterprise Comparable Sales Growth Outlook to a Range of 9% to 11%

MINNEAPOLIS, August 24, 2021 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended July 31, 2021 (“Q2 FY22”), as compared to the 13-week second quarter ended August 1, 2020 (“Q2 FY21”).

CorporateBlogImage

27 May: Best Buy reports better-than-expected Q1 FY22 results

Enterprise Comparable Sales Increased 37.2%

GAAP Diluted EPS Increased 280% to $2.32

Non-GAAP Diluted EPS Increased 233% to $2.23

Raises Full-Year Enterprise Comparable Sales Growth Outlook to a Range of 3% to 6%

MINNEAPOLIS, May 27, 2021 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 1, 2021 (“Q1 FY22”), as compared to the 13-week first quarter ended May 2, 2020 (“Q1 FY21”).

Revenue ($ in millions)Q1 FY22  Q1 FY21
Enterprise$11,637 $8,562
Domestic segment$10,841 $7,915
International segment$796 $647
Enterprise comparable sales % change1 37.2% (5.3)%
Domestic comparable sales % change1 37.9% (5.7)%
Domestic comparable online sales % change1 7.6% 155.4%
International comparable sales % change1 27.8%0.2%
Operating Income  
GAAP operating income as a % of revenue 6.6% 2.7%
Non-GAAP operating income as a % of revenue 6.4% 2.9%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$2.32 $0.61
Non-GAAP diluted EPS$2.23 $0.67

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

Best Buy financial results

16 Nov: Best Buy Reports Third Quarter FY18 Results

Enterprise Comparable Sales Increased 4.4%

Diluted EPS of $0.78 Increased 30%

Raising FY18 Financial Outlook

 

MINNEAPOLIS, November 16, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended October 28, 2017 (“Q3 FY18”), as compared to the third quarter ended October 29, 2016 (“Q3 FY17”). The company reported diluted earnings per share from continuing operations of $0.78, an increase of 30% from $0.60 in Q3 FY17. (PDF version here.)

  Q3 FY18 Q3 FY171
Revenue ($ in millions)2    
Enterprise $9,320 $8,945
Domestic segment $8,491 $8,192
International segment $829 $753
Enterprise comparable sales % change 4.4% 1.8%
Domestic comparable sales % change 4.5% 1.8%
Domestic comparable online sales % change 22.3% 24.1%
International comparable sales % change 3.8% N/A
Operating Income:
GAAP operating income as a % of revenue 3.8% 3.5%
Non-GAAP operating income as a % of revenue 3.7% 3.5%
Diluted Earnings per Share (EPS):
GAAP diluted EPS from continuing operations $0.78 $0.60
Non-GAAP diluted EPS from continuing operations $0.78 $0.60
 

For GAAP to non-GAAP reconciliations, please refer to the attached supporting schedule titled “Reconciliation of non-GAAP Financial Measures”.

Best Buy - earnings

29 Aug: Best Buy Reports Better-than-Expected Second Quarter Results

Enterprise Comparable Sales Increased 5.4%

GAAP Diluted EPS of $0.67 Increased 20%

Non-GAAP Diluted EPS of $0.69 Increased 21%

 

MINNEAPOLIS, August 29, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended July 29, 2017 (“Q2 FY18”), as compared to the second quarter ended July 30, 2016 (“Q2 FY17”). The company reported GAAP diluted earnings per share from continuing operations of $0.67, an increase of 20% from $0.56 in Q2 FY17. Non-GAAP diluted earnings per share from continuing operations were $0.69, an increase of 21% from $0.57 in Q2 FY17. (

Best Buy - earnings

25 May: Best Buy Reports Better-than-Expected First Quarter Revenue and Profit

Enterprise Comparable Sales Increased 1.6%

Diluted EPS of $0.60

 

MINNEAPOLIS, May 25, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter ended April 29, 2017 (“Q1 FY18”), as compared to the first quarter ended April 30, 2016 (“Q1 FY17”). The company reported GAAP diluted earnings per share from continuing operations of $0.60, a decrease of 13% from $0.69 in Q1 FY17, entirely driven by the large CRT settlement proceeds received last year which did not recur in Q1 FY18.

Best Buy - financial results

01 Mar: Best Buy Reports Better-than-Expected Fourth Quarter Results

 

GAAP Diluted EPS Increased 37% to $1.91

Non-GAAP Diluted EPS Increased 27% to $1.95

Full Year GAAP and Non-GAAP Diluted EPS Increased 63% and 28% respectively

MINNEAPOLIS, March 1, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY17”) and year ended January 28, 2017 (“FY17”), as compared to the fourth quarter (“Q4 FY16”) and year ended January 30, 2016 (“FY16”). The company reported Q4 FY17 GAAP diluted earnings per share from continuing operations of $1.91, an increase of 37% from $1.39 in Q4 FY16.

Best Buy Logo

17 Nov: Best Buy Reports Better-than-Expected Third Quarter Results

Domestic Segment Comparable Sales Increased 1.8%

GAAP Diluted EPS Increased 62% to $0.60

Non-GAAP Diluted EPS Increased 51% to $0.62

MINNEAPOLIS, November 17, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended October 29, 2016 (“Q3 FY17”), as compared to the third quarter ended October 31, 2015 (“Q3 FY16”). The company reported GAAP diluted earnings per share from continuing operations of $0.60, an increase of 62% from $0.37 in Q3 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.62, an increase of 51% from $0.41 in Q3 FY16.