Financial results

By Best Buy Company News

27 Feb: Best Buy Reports Better-Than-Expected Q4 FY19 Earnings

Enterprise Comparable Sales Increased 3.0%

GAAP Diluted EPS Increased 119% to $2.69

Non-GAAP Diluted EPS Increased 12% to $2.72

Announces FY20 Non-GAAP Diluted EPS Guidance of $5.45 to $5.65

Increases Quarterly Dividend 11% to $0.50 per Share

MINNEAPOLIS, February 27, 2019 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended February 2, 2019 (“Q4 FY19”), as compared to the 14-week fourth quarter ended February 3, 2018 (“Q4 FY18”).

The company estimates the extra week in Q4 FY18 added approximately $760 million in revenue and approximately $0.20 in non-GAAP diluted EPS for the quarter and the year.

By Best Buy Company News

20 Nov: Best Buy Reports Better-than-Expected Q3 FY19 Results

Enterprise Comparable Sales Increased 4.3%

GAAP Diluted EPS Increased 27% to $0.99

Non-GAAP Diluted EPS Increased 19% to $0.93

Closes acquisition of GreatCall

Raises FY19 Financial Guidance

MINNEAPOLIS, November 20, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended November 3, 2018 (“Q3 FY19”), as compared to the third quarter ended October 28, 2017 (“Q3 FY18”).

(Click here for a PDF version. Click here to view full release and statements.)

	Q3 FY19	Q3 FY18
Revenue ($ in millions):
Enterprise	$9,590	$9,320
Domestic segment	$8,756	$8,491
International segment	$834	$829
Enterprise comparable sales % change	4.3%	4.4%
Domestic comparable sales % change	4.3%	4.5%
Domestic comparable online sales % change	12.6%	22.3%
International comparable sales % change	3.7%	3.8%
Operating Income:
GAAP operating income as a % of revenue	3.4%	3.8%
Non-GAAP operating income as a % of revenue	3.5%	3.7%
Diluted Earnings per Share (“EPS”):
GAAP diluted EPS	$0.99	$0.78
Non-GAAP diluted EPS	$0.93	$0.78

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

By Best Buy Company News PR News Alerts

28 Aug: Best Buy Reports Better-than-Expected Q2 FY19 Results

Enterprise Comparable Sales Increased 6.2%

GAAP Diluted EPS Increased 28% to $0.86

Non-GAAP Diluted EPS Increased 32% to $0.91

Raising FY19 Financial Guidance

MINNEAPOLIS, August 28, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended August 4, 2018 (“Q2 FY19”), as compared to the second quarter ended July 29, 2017 (“Q2 FY18”). The company reported Q2 FY19 GAAP diluted earnings per share of $0.86, an increase of 28% from $0.67 in Q2 FY18.

By Best Buy Company News

24 May: Best Buy Reports Better-Than-Expected Q1 FY19 Results

Enterprise Comparable Sales Increased 7.1%

GAAP Diluted EPS Increased 20% to $0.72

Non-GAAP Diluted EPS Increased 37% to $0.82

MINNEAPOLIS, May 24, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter ended May 5, 2018 (“Q1 FY19”), as compared to the first quarter ended April 29, 2017 (“Q1 FY18”). The company reported Q1 FY19 GAAP diluted earnings per share of $0.72, an increase of 20% from $0.60 in Q1 FY18. Non-GAAP diluted earnings per share for Q1 FY19 were $0.82, an increase of 37% from $0.60 in Q1 FY18.

By Best Buy Company News

01 Mar: Best Buy Reports Better-Than-Expected Q4 Results

Enterprise Comparable Sales Increased 9.0%

GAAP Diluted EPS of $1.23

Non-GAAP Diluted EPS of $2.42

Announces FY19 Non-GAAP Diluted EPS Guidance of $4.80 to $5.00

Increases Quarterly Dividend 32% to $0.45 per Share

MINNEAPOLIS, March 1, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 14-week fourth quarter (“Q4 FY18”) and 53-week year ended February 3, 2018 (“FY18”), as compared to the 13-week fourth quarter (“Q4 FY17”) and 52-week year ended January 28, 2017 (“FY17”). The company reported Q4 FY18 GAAP diluted earnings per share from continuing operations of $1.23, which included the negative impact from items related to the Tax Cuts and Jobs Act of 2017 (“tax reform”) of approximately $1.17 in diluted earnings per share.

By Best Buy Company News PR News Alerts

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”.

By Best Buy Company News PR News Alerts

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. (

By Best Buy Company News PR News Alerts

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.

By Best Buy Company News PR News Alerts

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.

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