Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended November 2, 2024 (“Q3 FY25”).
Financial Results
Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended August 3, 2024 (“Q2 FY25”), as compared to the 13-week second quarter ended July 29, 2023 (“Q2 FY24”).
Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 4, 2024 (“Q1 FY25”), as compared to the 13-week first quarter ended April 29, 2023 (“Q1 FY24”).
Best Buy Co., Inc. (NYSE: BBY) today announced results for the 14-week fourth quarter ended February 3, 2024 (“Q4 FY24”), as compared to the 13-week fourth quarter ended January 28, 2023 (“Q4 FY23”).
Domestic comparable sales increased 2% on top of growth of 22.6% last year.
We had record second-quarter results with comparable sales growth of 20% and operating income growth of 40% compared to last year.
Best Buy today announced results for the 13-week first quarter ended May 1, 2021.
Enterprise Comparable Sales Increased 12.6%
Domestic Comparable Online Sales Increased 89.3%
GAAP Diluted EPS Increased 9% to $3.10
Non-GAAP Diluted EPS Increased 20% to $3.48
Quarterly Dividend Increased 27% to $0.70 per Share
MINNEAPOLIS, February 25, 2021 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended January 30, 2021 (“Q4 FY21”), as compared to the 13-week fourth quarter ended February 1, 2020 (“Q4 FY20”).
(Click here to view full release and statements.)
| Revenue ($ in millions) | Q4 FY21 | Q4 FY20 | FY21 | FY20 |
| Enterprise | $16,937 | $15,196 | $47,262 | $43,638 |
| Domestic segment | $15,400 | $13,848 | $43,293 | $40,114 |
| International segment | $1,537 | $1,348 | $3,969 | $3,524 |
| Enterprise comparable sales % change1 | 12.6% | 3.2% | 9.7% | 2.1% |
| Domestic comparable sales % change1 | 12.4% | 3.4% | 9.2% | 2.3% |
| Domestic comparable online sales % change1 | 89.3% | 18.7% | 144.4% | 17.0% |
| International comparable sales % change1 | 14.9% | 1.6% | 15.0% | (0.5)% |
| Operating Income | ||||
| GAAP operating income as a % of revenue | 6.1% | 6.4% | 5.1% | 4.6% |
| Non-GAAP operating income as a % of revenue | 6.9% | 6.5% | 5.8% | 4.9% |
| Diluted Earnings per Share (“EPS”) | ||||
| GAAP diluted EPS | $3.10 | $2.84 | $6.84 | $5.75 |
| Non-GAAP diluted EPS | $3.48 | $2.90 | $7.91 | $6.07 |
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 23%
Domestic Comparable Online Sales Increased 174%
GAAP Diluted EPS Increased 35% to $1.48
Non-GAAP Diluted EPS Increased 82% to $2.06
MINNEAPOLIS, November 24, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended October 31, 2020 (“Q3 FY21”), as compared to the 13-week third quarter ended November 2, 2019 (“Q3 FY20”).
(Click here for a PDF version. Click here to view full release and statements.)
| Revenue ($ in millions) | Q3 FY21 | Q3 FY20 |
| Enterprise | $11,853 | $9,764 |
| Domestic segment | $10,850 | $8,964 |
| International segment | $1,003 | $800 |
| Enterprise comparable sales % change1 | 23.0% | 1.7% |
| Domestic comparable sales % change1 | 22.6% | 2.0% |
| Domestic comparable online sales % change1 | 173.7% | 15.0% |
| International comparable sales % change1 | 27.3% | (1.9)% |
| Operating Income | ||
| GAAP operating income as a % of revenue | 4.7% | 4.0% |
| Non-GAAP operating income as a % of revenue | 6.1% | 4.2% |
| Diluted Earnings per Share (“EPS”) | ||
| GAAP diluted EPS | $1.48 | $1.10 |
| Non-GAAP diluted EPS | $2.06 | $1.13 |
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 5.8%
Domestic Comparable Online Sales Increased 242%
GAAP Diluted EPS Increased 85% to $1.65
Non-GAAP Diluted EPS Increased 58% to $1.71
MINNEAPOLIS, August 25, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended August 1, 2020 (“Q2 FY21”), as compared to the 13-week second quarter ended August 3, 2019 (“Q2 FY20”).
(Click here for a PDF version. Click here to view full release and statements.)
| Revenue ($ in millions) | Q2 FY21 | Q2 FY20 |
| Enterprise | $9,910 | $9,536 |
| Domestic segment | $9,128 | $8,821 |
| International segment | $782 | $715 |
| Enterprise comparable sales % change1 | 5.8% | 1.6% |
| Domestic comparable sales % change1 | 5.0% | 1.9% |
| Domestic comparable online sales % change1 | 242.2% | 17.3% |
| International comparable sales % change1 | 15.1% | (1.9)% |
| Operating Income | ||
| GAAP operating income as a % of revenue | 5.7% | 3.3% |
| Non-GAAP operating income as a % of revenue | 5.9% | 4.0% |
| Diluted Earnings per Share (“EPS”) | ||
| GAAP diluted EPS | $1.65 | $0.89 |
| Non-GAAP diluted EPS | $1.71 | $1.08 |
For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.
Enterprise Revenue Decreased 6.3%
Domestic Comparable Online Sales Increased 155.4%
GAAP Diluted EPS of $0.61
Non-GAAP Diluted EPS of $0.67
MINNEAPOLIS, May 21, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 2, 2020 (“Q1 FY21”), as compared to the 13-week first quarter ended May 4, 2019 (“Q1 FY20”).
(Click here for a PDF version. Click here to view full release and statements.)
| Q1 FY21 | Q1 FY20 | |||||
| Revenue ($ 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.