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”. |