Earnings

Enterprise Revenue Decreased 6.3%

Domestic Comparable Online Sales Increased 155.4%

GAAP Diluted EPS of $0.61

Non-GAAP Diluted EPS of $0.67

MINNEAPOLIS, May 21, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 2, 2020 (“Q1 FY21”), as compared to the 13-week first quarter ended May 4, 2019 (“Q1 FY20”).

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	Q1 FY21	Q1 FY20
Revenue ($ in millions)
Enterprise	$8,562	$9,142
Domestic segment	$7,915	$8,481
International segment	$647	$661
Enterprise comparable sales % change1	(5.3)%	1.1%
Domestic comparable sales % change1	(5.7)%	1.3%
Domestic comparable online sales % change1	155.4%	14.5%
International comparable sales % change1	0.2%	(1.2)%
Operating Income
GAAP operating income as a % of revenue	2.7%	3.7%
Non-GAAP operating income as a % of revenue	2.9%	3.8%
Diluted Earnings per Share (“EPS”)
GAAP diluted EPS	$0.61	$0.98
Non-GAAP diluted EPS	$0.67	$1.02

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

Enterprise comparable sales increased 3.2%, and GAAP Diluted EPS increased 6% to $2.84.

Enterprise comparable sales increased 1.7%, and GAAP diluted EPS increased 11%.

Our enterprise comparable sales increased 1.6%, and GAAP diluted EPS increased 3%.

Enterprise comparable sales increased 1.1%, and GAAP diluted EPS increased 36% to $0.98.

The company reported an increase of 3 percent in enterprise comparable sales.

The company reported Q1 FY19 GAAP diluted earnings per share of $0.72, an increase of 20% from Q1 FY18.

Best Buy Co., Inc. on Thursday announced results for the 14-week fourth quarter and 53-week year ended Feb. 3, 2018.